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Land Transport Finance – Important deal 2016

ELL European Locomotive Leasing (ELL), Vienna, Austria, is a young but already leading lessor in the European locomotive full-service leasing market. Set up in 2014, the company developed swiftly into a prominent position by leasing out the most modern Siemens Vectron electric locomotives, offering the best market prospects in the European rail sector.
ELL approached us and other lenders early 2016 with the request for an extended refinancing facility that would allow optimising the existing facility; provide debt for the future investments in 30 additional state-of-the-art electric locomotives; and support an even further growth potential. In June 2016, the new eight-year term loan and revolving facility for ELL was signed. The security package comprised typical asset-based elements. We acted as Hedging Bank as well as Facility and Security Agent for an international club of six banks, and took the largest debt share.

This transaction improved ELL’s financing structure and pushed its range of operational possibilities. We were pivotal for the closing of this important deal and was again fully recognised as leading lender and reference bank in this landmark transaction.

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