Vossloh signs a sustainability-linked syndicated loan

Vossloh AG has closed a new syndicated loan of 240 million euros, announced on February 22, 2024. This financing replaces a 2017 loan agreement and introduces more attractive conditions for the company. Structured as a revolving credit facility, the loan amount can be increased up to 400 million euros. The loan has a term of five years, with extension options.

A notable feature of this financial agreement is the link between the interest margin and the compliance rate with sales aligned with the EU taxonomy, underscoring Vossloh's commitment to sustainability. Dr. Thomas Triska, Vossloh's CFO, emphasizes the role of the loan in the company's profitable growth strategy in an expanding rail transport market.

The loan was provided by eight banks, with Commerzbank AG as the documentation agent and Bayerische Landesbank as the ESG coordinator. Vossloh, a global technology leader in the railway sector, continues to aim for excellence in sustainability and sustainable mobility. In 2022, the company achieved a turnover of 1.046 billion euros with approximately 3,800 employees.