Edmond de Rothschild successfully acted as mandated lead arranger for a €120 million ($141 million) financing facility to further support the deployment of Milence’s growing network of dedicated truck charging hubs across Europe. Milence is a joint venture between Daimler Truck, TRATON GROUP and Volvo Group.
The facility was provided by a consortium of international financial institutions including funds managed by Edmond de Rothschild Asset Management’s Infrastructure Debt Platform (BRIDGE), Íslandsbanki, Invest-NL and Invest International. Íslandsbanki and Universal Investment, AIFM of an additional lender, were also advised by Edmond de Rothschild Asset Management. It marks a major milestone for Milence as it represents the first access to the broader capital markets. The facility complements the initial €500 million ($590 million) equity investment from the founding Shareholders. The proceeds of the facility will be used to further facilitate Milence’s mission
