WFW advises Nexrail on €322m sustainability-linked debt facility5 July 2023
Nexrail is a rolling stock lessor operating in Western Europe.
Nexrail is a rolling stock lessor operating in Western Europe.
Investec underwrote the acquisition which was supported by debt and equity co-investment.
Four deals the firm advised on have won awards at the prestigious IJGlobal Deal of the Year Awards 2022.
The financing enables Alpha Trains to refinance existing debt, finance new build rolling stock and restructure the group.
NAC is the largest lessor of regional aircraft, with over 500 aircraft. Since the onset of the pandemic, NAC is to-date the only aircraft lessor to have entered into any formal restructuring proceedings.
In this article, we provide a round-up of Airline Economics’ Dublin conference and discuss the key topics the conference addressed.
WFW was chosen to advise on this deal ahead of a number of other leading international firms thanks to the experience and expertise of its lawyers.
This is the first occasion when 100% of the equity in a container box ABS has been sold to third-party investors and only the second time that any equity in a container box ABS has been sold to third party investors.
WFW advised on all aspects of the transaction, including structuring and the purchase agreements for both new build rolling stock and an existing pool of locomotives purchased by Nexrail.