A group of European commercial lenders have deployed a SEK 519 million ($63 million) financing package for Hector Rail, the largest private freight train owner and operator in Scandinavia.
Hector Rail will use the funds to refinance its existing debt and strengthen its position as a major independent green electric rail freight provider in Sweden, enhance its growing position in Germany and support the company’s fleet expansion.
The financing lenders are Landesbank Hessen-Thuringen and Siemens Bank. The financing package comprises a term loan alongside a capex facility.
In August 2020, EQT Infrastructure sold Stockholm-based Hector Rail Group to Ancala's European Infrastructure Fund II. Hector Rail operates a fleet of more than 100 locomotives and has a growing domestic platform in Germany, the largest rail freight market in Europe. Following the acquisition of Hector Rail, A