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WFW advises Ermewa on €1.5bn debt raise12 December 2019

Watson Farley & Williams (“WFW”) has advised Ermewa Holding (“Ermewa”), the French parent company of Ermewa Group, on its establishment of a common terms platform, enabling the restructuring and refinancing of its group debt through a combination of multicurrency secured bank debt and US private placement notes for a total value of circa €1.5bn.

Ermewa Group is an operating lessor, leasing wagons and containers 30+ countries across Europe, the USA and Asia. It has an existing portfolio of 42,000 freight railcars, 55,000 tank containers and six workshops.

The cross-border WFW team advising Ermewa was led by London Asset Finance Partner Louise Mor, supported by Associates Konstantina Kyprianidou and previous WFW employee Parit Patani and Trainee Solicitor Guy Davis. French law advice was provided by Paris Finance Partner Philippe Wolanski and Associate Arnaud Conquis.  Swiss law advice was provided by Geneva CMS von Erlach Poncet AG’s Partner, Pascal Favre, supported by Associate Audrey Durand.

Louise commented, “It was a pleasure to have advised Ermewa on this complex, high-value transaction, involving specialist rail finance lawyers across our network”.

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