The financing raised for this multiple-asset-transaction was in excess of EUR 150m and allowed VMS to place the orders for a fleet of 11 x new TramTrains from Stadler and the construction of a brand new maintenance depot for this new fleet in the centre of Chemnitz including the acquisition of the land. Since VMS had to refinance an intercompany loan on another major maintenance depot for their existing Alstom EMU and BEMU trains, this transaction was included in the overall transaction as well. The Chemnitzer Model financing attracted EIB long-term debt financing as well as KfW-Ipex and NordLB, two very experienced banks in this sector.
Following the successful financing of new battery-electric Alstom Coradia trains for VMS in 2019, Apex Rail was engaged as exclusive financial advisor to VMS covering the complete scope from
- the structuring of a multiple-asset-financial solutions with the preparation of all relevant materials to run a financing auction
- managing the financing auction on a two-stage basis
- Supporting VMS in the preparation of all due-diligence materials, here not only rolling stock FMV appraisals but also extensive appraisals for the new maintenance depot
- Managing the negotiation, documentation and approval process until Financial Close.