Ashurst LLP has successfully guided a consortium of financial institutions in an innovative financing arrangement for Stadler Rail. The deal, which involves the delivery of 296 battery-electric FLIRT multiple units to a European rail operator, emphasizes the growing trend towards sustainable transportation solutions.
The financing structure was facilitated by Bayerische Landesbank, which served as the Mandated Lead Arranger, Documentation Agent, Lender, Security Agent, Facility Agent, and Green Loan Coordinator. The consortium also included Landesbank Baden-Württemberg and Zürcher Kantonalbank acting as Lenders. This collaborative approach reflects a commitment to advancing environmentally friendly transport options in Europe.
Partnership with LHI Group
The innovative financing was implemented in partnership with the LHI Group, a key player in the leasing and financing sector. The arrangement highlights a progressive model that aligns with global sustainability goals. Ashurst acted as the German legal counsel, with a team led by Partner Derk Opitz, alongside Associate Dr. Tobias Bürk and Transaction Counsel Ariana Fazlic.
This project not only underscores the capabilities of the consortium in structuring complex financial arrangements but also illustrates the increasing demand for green technologies in the transportation industry. The battery-electric FLIRT units are poised to support the transition to cleaner rail services, marking a significant step towards reducing carbon emissions in European public transport.
The financing deal is a testament to the collaborative efforts of financial institutions and legal advisors in driving sustainability initiatives. As the rail sector evolves, such innovative financing solutions will play a crucial role in supporting the development of environmentally friendly infrastructure across the continent.
