French locomotive leasing company Akiem has obtained a €125m loan from HSH Nordbank, which is offering refinancing to the company as a mandated lead arranger.
The total refinancing amount of Akiem stands at €750m following the sale of 50% of its business to Deutsche Asset Management earlier this year.
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Established in 2008, Akiem is currently owned by the asset management subsidiary of French National Railways (SNCF) Logistics Ermewa Group and the second infrastructure fund of Deutsche Asset Management (Deutsche AM). Both firms hold a stake of 50% each.
Stakeholders will use the loan secured from HSH Nordbank to refinance existing loans on the Akiem’s portfolio and drive future growth.
HSH Nordbank’s origination infrastructure and rail head Dr Marcus Kleiner said: "This finance is a strategically important project in the European railway market and gives HSH Nordbank the opportunity to increase its infrastructure portfolio with Akiem as a new client."
Currently, Akiem has a fleet of over 300 electric and diesel locomotives and operates leasing business from its base in Clichy near Paris. Its customers include European public and private-sector railway companies in industrial and transport businesses based mainly in France, Poland, Italy, Germany, and other central and eastern European countries.
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By GlobalData
