Ermewa Holding’s €1.5 Billion Debt Raise

Watson Farley & Williams advised Ermewa Holding on its establishment of a common terms platform.

The establishment will enable the restructuring and refinancing of its group debt through a combination of multicurrency secured bank debt and a notes private placement for a total value of circa €1.5bn.

Ermewa Group is an operating lessor, leasing wagons and containers 30+ countries across Europe, the USA and Asia. It has an existing portfolio of 42,000 freight railcars, 55,000 tank containers and six workshops.

The cross-border WFW team advising Ermewa was led by London Asset Finance Partner Louise Mor (Picture), supported by Associates Konstantina Kyprianidou and Parit Patani and Trainee Solicitor Guy Davis. French law advice was provided by Paris Finance Partner Philippe Wolanski and Associate Arnaud Conquis. Swiss law advice was provided by Geneva CMS von Erlach Poncet AG’s Partner, Pascal Favre, supported by Associate Audrey Durand.

Involved fees earner: Arnaud Conquis – Watson Farley & Williams; Konstantina Kyprianidou – Watson Farley & Williams; Louise Mor – Watson Farley & Williams; Parit Patani – Watson Farley & Williams; Philippe Wolanski – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Ermewa Group;