Schoenherr successfully advised Aves One AG (“Aves One”) on its EUR 155m senior facility refinancing by entering into a new facility agreement with significantly improved commercial terms arranged by a consortium of leading German banks. As a result of this transaction, Aves has managed to optimise its financing structure and reduce its annual interest payments.
“We were thrilled to support Aves One on this substantial refinancing project. By reducing its costs, Aves One can now focus on expanding its business and asset portfolios.” stated Schoenherr banking, finance & capital markets partner Ursula Rath
Aves One AG is a strong investor rapidly expanding in the field of long-life logistics assets with a focus on rail freight cars. Its portfolio also includes standard shipping containers, swap trailers for road transport and logistics properties. Aves’ customers include state-owned railway companies as well as industrial and logistics companies. The Hamburg-based company is listed on the regulated market (Prime Standard segment) of the Frankfurt Stock Exchange.
The Schoenherr team which advised Aves One was co-led by Ursula Rath (partner, banking, finance & capital markets); and Peter Feyl (partner, banking, finance & capital markets), who were supported by Miriam Simsa (partner, banking, finance & capital markets); Laurenz Schwitzer (attorney at law, banking, finance & capital markets); and Philipp Kalser (associate, banking, finance & capital markets).
The lenders were advised by Freshfields Bruckhaus Deringer in Vienna and Frankfurt.