EUR 1.2 billion refinancing of VTG

VTG Aktiengesellschaft (WKN: VTG999), one of Europe's leading wagon hire and rail logistics companies, has refinanced a large proportion of its existing bank loans. In this process, the VTG Group has entered into financial arrangements for approximately EUR 1.2 billion with an international banking consortium led by KfW IPEX-Bank and UniCredit.

Lenz & Staehelin acted as Swiss counsel to VTG. The team included Marcel Tranchet, Roland Fischer and Pascal Genoud (all Finance) and Pascal Hinny and Stephan Brandner (both Tax).