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July 5, 2016

Akiem receives €125m refinancing loan from HSH Nordbank

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.

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.

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The total refinancing amount of Akiem stands at €750m following the sale of 50% of its business to Deutsche Asset Management earlier this year.

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 to refinance existing loans on the Akiem’s portfolio."

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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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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