Ashurst advises lenders on €34.5m financing for HELROM

Ashurst advised Société Générale and Deutsche Leasing Finance as finance parties on providing a €34.5m loan financing for Germany-based rail freight and technology company HELROM GmbH. The transaction is structured by DAL Deutsche Anlagen-Leasing.

HELROM's worldwide patented freight wagon technology has enabled European long distance logistics to achieve a truly barrier free transition between road and rail for the first time, without loading terminals and for all kinds of semi-trailers.

The innovative asset-based financing reflects international standards and shall help HELROM to continue driving the establishment of its industry-oriented transportation services in the market with the aim to decarbonise freight traffic and supply chains. Both financing partners have extensive experience in the rail sector.

The Ashurst team was led by counsel Dr Alexander Vorndran and partner Derk Opitz. They were assisted by senior associate Alexandra Heitmann, associate Dr Galina Matjuschkin and senior transaction lawyer Ardalan Zargari (all Global Loans). At the London office, partner Kerion Ball and associate Lydia Huxtable (both Global Markets) were involved. Advice on tax law aspects was provided by counsel Dr Susanne Knoch and associate Andreas Hofmann.

Ashurst's German project finance practice regularly advises on financing transactions in the rail sector.