Alpha Trains completes first German whole business securitization

Alpha Trains 230x150
By Richard Metcalf
23 Mar 2015

Alpha Trains has sold €350m of public senior secured bonds, a €250m senior private placement and a €125m junior private placement as part of its whole company securitization.

The Luxembourg-headquartered European rolling stock leasing company also signed €525m of term loans and €225m of liquidity facilities.

Alpha Trains leases passenger and freight trains to operators in 13 countries, although the passenger train business is mainly focused on Germany.

UBS was ratings, structuring and debt adviser on the ...

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