M&A Finance
K&L Gates
Full Credential Description
Rock Rail Holdings Limited and Infracapital faced the challenge of securing an operating lease agreement for 18 new Siemens Mobility GmbH Mireo electric trains, essential for the Leipzig MDSB 2025+ Lot 1 project. This project was awarded to DB Regio AG by the Leipzig Regional Transport Authority (ZVNL) and the State of Saxony-Anhalt, represented by Nahverkehrsservice Sachsen-Anhalt GmbH (NASA GmbH). The successful conclusion of the project documents and lease financing was critical to ensure the timely provision of transport on the Mitteldeutsche S-Bahn Los 1 network. K&L Gates provided a tailored solution by advising on the comprehensive project agreements and lease financing. The financing structure involved equity contributions from Infracapital and Rock Rail, alongside debt from various European infrastructure debt investors arranged by MEAG. This strategic legal support facilitated the operational readiness of the trains, ensuring that DB Regio AG could fulfill its contractual obligations effectively. As a result of K&L Gates' involvement, the project not only secured the necessary financing but also positioned Rock Rail and Infracapital to enhance their operational capabilities in the rail sector. This successful collaboration underscores the importance of legal expertise in navigating complex infrastructure projects, ultimately contributing to the advancement of regional passenger rail in Germany.