• Successful increase of credit facility for European Loc Pool (ELP)

    Further senior debt financing secured by European Loc Pool (ELP) to fund ever-growing locomotive portfolio


    Swiss based Rolling Stock Leasing company ELP provides full-service leasing of modern and innovative locomotives for rail operators and logistics companies across Europe. ELP’s focus lies in six-axle hybrid locomotives with up to 2.8MW diesel, 9MW electric and 500kN traction, which can be operated both on electrified and non-electrified lines.

    ELP has successfully closed and further increased the existing long-term syndicated credit facility by EUR 223 million to EUR 703 million for the purchase and refinancing of additional Stadler Rail EuroDual and Euro9000 locomotives in order to expand the locomotive portfolio to more than 150 vehicles in total. UBS Switzerland acted again as lead arranger for the syndicate of Swiss banks.

    Constant substantial increase of ELP’s lease portfolio

    Since its establishment as a leasing provider for locomotives in 2018 and due to its constant substantial portfolio growth as a result of its ongoing success, this marks the fourth credit facility increase for the successful leasing company.

    AIL’s role

    As with the previous three financing rounds in 2020 and 2022, AIL acted as financial advisor to ELP for the increase of the existing long-term credit facility. AIL advised and supported ELP in structuring the additional financing (including assisting in the revision of ELP’s business plan and its underlying financial planning) through to negotiating and completing the relevant loan documentation.

    Willem Goosen, CEO of ELP: “We are very happy with the constant evolution of our portfolio and are grateful to have such a reliable financing partner that is determined to help us successfully realize our growth plans and to position ELP as one of the leading leasing providers for locomotives in Europe.”

    We as AIL are very proud to be a part of this success story and we are looking forward to supporting ELP in its further growth plans.