Watson Farley & Williams (“WFW“) advised the international Wascosa group (“Wascosa”) on the third extension of its Senior Secured Capex facility with additional €150m revolving volume provided by KfW IPEX-Bank and Rabobank.
Wascosa will use the funds to further pursue its dedicated growth strategy and to finance its investment pipeline to continue to provide one of the most modern and diversified railcar fleets in Europe and best leasing services to its customers.
The Wascosa Group, with its two largest sites in Lucerne and Hamburg, is one of the pioneers in the freight wagon industry. Its core business is the leasing and management of rail freight wagon. With around 150 employees, the company currently manages around 22,000 freight cars in use in more than 20 European countries.
The WFW Germany Assets & Structured Finance team that advised Wascosa was led by Frankfurt Partner Frederik Lorenzen, supported by Senior Associate Alexander Piepenbrock and Associate Müyesser Demirel as well as Hamburg Counsel Jan Mommsen.
Frederik commented: “We are pleased to have advised our long-standing client Wascosa on a growth-oriented financing that promotes sustainable mobility. This mandate once again highlights WFW’s outstanding expertise advising on modern infrastructure financing transactions”.
