KfW IPEX-Bank structures and arranges EUR 550 million refinancing for VTG

KfW IPEX-Bank, as Sole Mandated Lead Arranger and Sole Bookrunner, structures and arranges the refinancing of an existing CAPEX and Revolving (RCF) facility for VTG, one of Europe's largest private rail freight wagon leasing and rail logistics companies. In addition, KfW IPEX-Bank continues to act as a facility agent for the international consortium, consisting of 14 banks.

The two facilities will each have a maturity of five years with extension options. The RCF is EUR 100 million. The CAPEX facility is EUR 450 million with an additional increase option. Both are part of a financing platform with a total volume of over EUR 3 billion.

"We are very pleased to be able to support our long-standing customer VTG again with our arranging expertise," says Aida Welker, Member of the Management Board of KfW IPEX-Bank. "We are committed to continuously supporting our customers. With this funding, we are strengthening VTG’s economic performance and growth potential."

"This transaction is a further sign of confidence in the stability and reliability of VTG's business model. We would like to thank KfW IPEX-Bank as an arranger for the valuable support and successful implementation and our banking partners for the renewed support.", said Dr Mani Herold, CFO of VTG.

With this financing, KfW IPEX-Bank supports the transfer of transport from road to rail and contributes to decarbonisation in the transport sector.

About VTG
VTG GmbH, headquartered in Hamburg, Germany, is an internationally operating asset and logistics company with a strong focus on rail. With around 84,800 rail freight wagons, VTG operates the largest private fleet in Europe, with a focus on tank cars, modular freight wagons, standard freight wagons and sliding-wall wagons.