The new €338 million platform financing consists of senior term facilities, a private placement loan, revolving and capex facilities. The structure includes sustainability loans to finance the purchase of environmentally friendly locomotives, including multi-system Vectron MS locomotives from Siemens Mobility and single-system Gama Marathon locomotives from Pesa Bydgoszcz.
The company is being financed by a group of nine banks and one institutional investor: PKO Bank Polski, DWS, ING Bank, Siemens Bank, Bank Pekao, ABN AMRO, Societe Generale, Erste Group Bank AG, La Banque Postale and BOS Bank. Bank Pekao is acting as Facility Agent and Security Agent.
"We are pleased to announce the signing of a new sustainability linked financing platform with leading European lenders involved in rolling stock financing. This is a sign of confidence in our strategy, articulated around our fleet rejuvenation programme and our ambitious growth plans in Central and Eastern Europe". - said Łukasz Boroń, CEO of CARGOUNIT.
In connection with the financing, Cantor Fitzgerald Europe acted as exclusive financial advisor to the company. Legal advice on the transaction was provided by Clifford Chance and Norton Rose Fulbright.
