New financing round completed!

European Locomotive Leasing (ELL) has concluded a financing round of € 250 million in the form of a 7-year senior secured CAPEX revolving credit facility. The financing will support the further growth of ELL’s fleet, which will grow to over 300 Siemens Vectron locomotives.

ELL will thus further secure its leading market position as owner of the largest Vectron fleet. 12 banks are now involved in the financing of ELL. With this round, two more were added to the existing banking club. ELL was founded in 2014 with offices in Vienna and Munich and has developed into a major provider of leasing and services for electric locomotives throughout continental Europe. The company’s portfolio includes the largest Vectron fleet in Europe, which is used for both freight and passenger train operators. ELL’s locomotives are fully electrified and thus make an important contribution to the decarbonization and electrification of the rail sector. The Vectron locomotives are known for their flexibility and are suitable for operation in various European countries and railroad systems.

ELL CEO Christian Kern:

“The issue was oversubscribed four times, although only a limited number of banks were invited to participate. This confirms investors’ confidence in ELL’s robust business model. We have succeeded in delivering an outstanding performance in a challenging environment!”