Veolia

PROJECT DESCRIPTION

Arrange $12MM rail equipment financing

BACKGROUND

Veolia, a global provider of maintenance & infrastructure services for commuter and freight railroads (through its VTMI subsidiary) needed a funding facility to acquire rail construction and maintenance equipment for its burgeoning operations around the US.

SRF APPROACH

SRF worked with Veolia’s financial team to structure terms which protected Veolia’s options for future disposition of the equipment. We developed an approach that ensured compliance with international accounting standards for this multi-national corporation and reviewed our banks’ appetites and capabilities to select the best choice.

RESULTS

• Arranged $12MM equipment purchase line of credit that did not require a guarantee from VTMI’s international parent
• Provide ongoing orchestration between client, multiple vendors, and our bank, leaving VTMI free to focus on operations