Schellenberg Wittmer advises LokRoll3 in debt financing acquisition of locomotives

Schellenberg Wittmer has advised the Lucerne-based LokRoll3, a locomotives holding company managed by Reichmuth & Co Investment Management, in a debt financing transaction for the acquisition of 35 newly-built Vectron AC locomotives from Siemens Mobility.

The locomotives will be leased to SBB Cargo through LokRoll3’s asset manager Northrail for a period of eight years.

Schellenberg Wittmer acted as Swiss legal counsel to LokRoll3 and Reichmuth & Co Investment Management on this transaction. The team was led by partner Philippe Borens and includes associate Andrea Andelic and Dominic Wälchli (all banking & finance), partner David Mamane and Amalie Wijesundera (both competition and antitrust) and Roland Wild (tax).