DVB Bank SE : ELL European Locomotive Leasing closes extended debt facility led by DVB Bank

29.06.2016

ELL European Locomotive Leasing closes extended debt facility led by DVB Bank

Frankfurt/Main - In early June 2016, ELL European Locomotive Leasing (ELL) has closed a €228 million senior secured asset-based debt facility to refinance existing debt and for further investments into modern locomotives, in order to grow their young fleet beyond the current 50 Siemens Vectron locomotives. DVB Bank SE led the club of six banks, acted as facility and security agent as well as the hedging bank. The lenders were advised by Allen & Overy while K&L Gates advised ELL.

DVB Bank had already funded the initial debt facility together with Siemens Bank for the financing of the first 50 brand new Siemens Vectron locomotives in 2014.

About ELL European Locomotive Leasing
ELL European Locomotive Leasing, owned by KKR (Kohlberg Kravis Roberts & Co., a publicly listed holding company based in New York), is one of Europe's leading locomotive lessors.

About DVB Bank SE
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international transport finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB is present at all key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Amsterdam, Athens, Hamburg, London, Oslo and Zurich), plus offices in the Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).

Contact for this press release
Martin Metz
Head of Land Transport Finance
Managing Director
Phone: [phone]
E-mail: [e-mail]

Elisabeth Winter
Head of Group Corporate Communications
Managing Director
Phone: [phone]
E-mail: [e-mail]