PwC Legal advised Alpha Trains, Europe’s largest lessor of locomotives and trains, in connection with its successful EUR 548m green refinancing.

Alpha Trains successfully achieved to raise an aggregate amount of EUR 548m through a combination of green holdco loan and senior loans to refinance existing indebtedness and purchase electric trains and locomotives. The financing was made within Alpha Train's Green Finance Framework amended in 2022 which is aligned with the latest Green bond & Green Loan principles as well as the EU Taxonomy criteria evidencing once more its strong sustainable commitment. 

Our banking & capital markets team led by Cédric Raffoul (Partner), together with Sixtine Auguet (Senior Associate) and Maureen Bayart (Junior Associate) as well as our corporate team composed of Catherine Baflast (Partner), Jean-Baptiste Joannard-Lardant (Senior Associate) and Julia Alfaro (Junior Associate) advised Alpha Trains as to Luxembourg law aspects alongside PwC Legal BV/SRL as to Belgian law, Watson Farley & Williams as to English law and with Allen&Overy representing the lenders.