Hengeler Mueller advises VTG AG on Group Financing

10. May 2011

VTG Aktiengesellschaft has established a new financing structure comprising a US private placement and a syndicated loan facility in the total amount of approximately EUR 930 m. Concurrently, the existing syndicated loan facility will be redeemed by utilising such instruments. The new financial instruments are an integral part of an open financing platform in which the US bond issue represents the long-term base financing and the credit lines can be utilised to cover working capital requirements and future investments as needed. In addition, there is the possibility to integrate future financial instruments into the financing platform.

VTG Group is one of Europe’s leading wagon hire and rail logistics companies. In addition to the hiring of wagons, the Group offers global tank container transports and comprehensive logistics services, mainly around rail transport.

Hengeler Mueller is advising VTG AG on this transaction. The Hengeler Mueller team is led by partner Daniel Weiß (Financing) and includes partners Daniela Favoccia (Corporate), Martin Klein (Tax), counsel Peter Dampf (Financing) (all Frankfurt) as well as associates Nikolai Warneke, Jesko Kamischke (both Frankfurt), Christian Wentrup (Düsseldorf) and Gunther Wagner (Frankfurt).