French company Akiem, one of Europe’s largest players in the leasing and maintenance of locomotives and passenger trains, has announced the completion of a EUR 1.52 billion green senior debt financing.
According to the company, the transaction aims to refinance existing debt and support future growth projects.
Refinanced debt and extended maturities
Akiem says that, through this transaction, it is significantly strengthening its balance sheet by extending and diversifying debt maturities.
The refinancing is structured through a combination of: Following this transaction, the group’s entire debt is labeled as green, underscoring the company’s commitment to sustainable financing.
- bank loans with 7-year and 10-year maturities,
- private placements issued to investors in Europe and the United States, with long maturities of 15 and 20 years.
Investment facility increased to EUR 700 million
As part of the refinancing, Akiem also announces an increase in its CAPEX facility to EUR 700 million.
The company says this investment line will support its growth plan in the leasing and maintenance of locomotives and passenger trains in Europe.
New banks and new investors
Akiem also notes that it has expanded its group of partner banks, which now includes 14 European banks, as well as four new investors in private placements.
The company interprets this expansion as a sign of renewed confidence from financial markets in its business model.
Akiem is banking on growth in the European rolling stock market
The company’s key message is that the refinancing provides it with a more solid financial foundation for developing its leasing and maintenance activities in Europe.
The group’s CFO, Renato De Lussu, stated that this “100% green” refinancing, with long maturities and competitive costs, reflects Akiem’s attractiveness and the strength of its market positioning, while also confirming the group’s commitment to long-term sustainable growth.
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