International law firm Watson Farley & Williams (“WFW”) has advised HSH Nordbank on the financing of the acquisition by Railpool of 196 type BR 151 and BR 155 electric locomotives from DB Cargo. The locomotives will be partly let back to DB Cargo under a capacity take-off agreement. The transaction is co-sponsored by Toshiba.
Munich-based Railpool is a full service lessor of locomotives jointly owned by funds managed by Oaktree Capital Management L.P. and by the Singaporean sovereign wealth fund GIC.
The WFW Germany team advising HSH Nordbank was led by Frankfurt Banking & Finance Partner Frederik Lorenzen and consisted of Partners Dr Christine Bader (Regulatory, Hamburg), Dr Sebastian Wulff (Debt Securities and Structured Finance, Frankfurt) and Gerrit Bartsch (Tax, Hamburg), Senior Associates Dr Tom Hartung (Banking & Finance, Frankfurt), Sebastian Ens (Corporate, Frankfurt), Alexander Wojtek (Banking & Finance, Hamburg) and Jörg Walzer (Tax, Hamburg) and Associates Fabian Arhelger (Banking & Finance, Frankfurt), Dr Paul-Vincent Hahn (Banking & Finance, Hamburg) and Dr Eva-Maria Tieke (Regulatory, Hamburg).
Frederik commented: “We are delighted to have advised our long-standing client HSH Nordbank on this important transaction”.