ELL secures 250 million EUR financing to expand its Vectron fleet

On 15 October 2024, European Locomotive Leasing has successfully closed a 250 million EUR financing round in the form of a Senior Secured CAPEX revolving credit facility over seven years. This financing will support the continued growth of the ELL fleet, which will expand to over 300 Siemens Vectron locomotives. ELL will further solidify its leading market position as the owner of the largest Vectron fleet.

ELL CEO Christian Kern expressed his satisfaction: "The issuance was four times oversubscribed, despite only a limited number of banks being invited to participate. This confirms the investors' confidence in ELL's robust business model. We have managed to deliver above-average performance in a challenging environment!"

ELL now has twelve banks participating in its financing. With this round, two additional banks were welcomed into the existing banking syndicate. ELL was founded in 2013 and has been operational since 2014 - the first locomotive was delivered in June 2014 and leased immediately. ELL's owners are AXA and Predica/Crédit Agricole, and Christian Kern has been ELL CEO since September 2022. The company currently has branches in Wien, Gräfelfing near München and Poznań in Poland.