EUROPE: Leasing company Railpool’s plans for the acquisition of new vehicles are being supported by KfW IPEX-Bank, ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and ING Bank, which are providing equal amounts of debt capital totalling €150m in a seven-year financing package.
KfW IPEX-Bank is acting as global coordinator and mandated lead arranger, while the other three banks are lead arrangers.
‘With this financing we are highlighting our position as one of the leading banks for rail transport projects in Europe’, said KfW IPEX-Bank management board member Andreas Ufer. ‘For us, the financing represents another milestone in our support of Railpool’s growth process which began 12 years ago when the company was established with our involvement. Although we are no longer an owner, we have continued to support the company as its core bank ever since.’
Railpool currently operates in 16 countries and has a fleet of more than 400 electric locomotives.