Press Release from 2024-07-17 / KfW IPEX-Bank
KfW IPEX-Bank provides large-volume growth financing for RAILPOOL
- New EUR 400 million CAPEX facility and EUR 60 million revolving credit facility to finance further growth
- Arrangement and financing under existing financing platform by KfW IPEX-Bank and Crédit Agricole Corporate and Investment Bank
RAILPOOL, one of Europe's leading rail vehicle lessors, secured further funding for its continued growth in June 2024. Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.
Furthermore, and also under the existing financing platform, KfW IPEX-Bank is providing a EUR 60 million revolving credit facility to RAILPOOL as sole lender for a term of seven years.
Ingo Wurzer, CFO der RAILPOOL GmbH explains: "For us, the large-volume financing is a recognition of our business model and our plans in Europe for the coming years. We are very pleased to secure the continuous development of our rolling stock rental business in conjunction with our full-service offering with long-term partners."
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