Schoenherr has advised Aves One AG on its EUR 155 million senior facility refinancing in the form of a new facility agreement with significantly improved commercial terms arranged by a consortium of German banks. The lenders were advised by Freshfields Bruckhaus Deringer in Vienna and Frankfurt.
According to Schoenherr, "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 of the Frankfurt Stock Exchange.
As a result of this transaction, Aves has managed to optimize its financing structure and reduce its annual interest payments.
The Schoenherr team was co-led by Partners Ursula Rath and Peter Feyl, supported by Partner Miriam Simsa, Attorney-at-law Laurenz Schwitzer, and Associate Philipp Kalser.