Rail

September 10, 2018
 

Ermewa Group closes financing

France-based lessor Ermewa Group on 4 July completed a €170 million ($197 million) financing with mandated lead arrangers Crédit Agricole CIB (CA-CIB) (40%), ING (40%) and Société Générale (20%).

The facilities, maturing in 2021, will provide Ermewa Ferroviaire Suisse with added funding capacity for investment.

CA-CIB acted as facility and security agent on the deal.

Law firm Watson Farley & Williams acted as borrower’s counsel and Hogan Lovells (Paris) advised the lenders.