Vossloh signs €240 million ESG-linked syndicated loan

By Mary-Katherine Stinson

Lexington, Ky., Feb. 22 – Vossloh AG signed a €240 million ESG-linked syndicated loan with a group of eight banks in the form a club deal, which replaces an existing 2017 loan agreement, according to a notice.

The agreement, which is structured as a revolving credit line, can be increased by up to €160 million.

The agreement matures in February 2029 with two one-year extension options, which can be exercised at the end of the first and second years.

The interest rate margin is linked to conform to the rate of the taxonomy-aligned sales in accordance with the European Union’s taxonomy regulation in a bonus malus scheme.

Commerzbank AG acted as the documentation agent. Bayerische Landesbank is the ESG coordinator. Landesbank Baden-Wurttemberg will continue to act as facility agent over the term of the loan.

Vossloh is a global rail technology company based in Werdohl, Germany.

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