Wednesday, 3 July 2019

Orth Kluth advises RMV subsidiary fahma on the financing of the world's largest fuel cell train fleet for local public transportation

After the law firm had already advised fahma in the Europe-wide award procedure for the supply of 27 fuel cell trains (see here), it subsequently advised fahma on the financing. Helaba is fahma's financing partner. The financing has a volume of almost a three-digit million amount and is structured as a registered bond.

It will be used to acquire the world's largest fleet of fuel cell trains for local passenger transport.

The process was designed as a voluntary award procedure using the Europe-wide tender platform TED (Tenders Electronic Daily). Helaba prevailed in this procedure against a number of competing financing institutions.

Orth Kluth provided RMV and its subsidiary fahma with comprehensive legal advice throughout the entire financing process.