Herbert Smith Freehills advised DAL on Major Electric Train Leasing Deal with DB Regio
Herbert Smith Freehills has advised DAL Deutsche Anlagen-Leasing (DAL) on a deal to lease 15 new electric traction vehicles
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Herbert Smith Freehills advised DAL on Major Electric Train Leasing Deal with DB Regio Herbert Smith Freehills has advised DAL Deutsche Anlagen-Leasing (DAL) on a deal to lease 15 new electric traction vehicles to DB Regio AG for use on the local rail passenger network "Nord Süd 2." The law firm also helped DAL secure financing from Helaba Landesbank Hessen-Thüringen. The deal relates...
Herbert Smith Freehills advised DAL on Major Electric Train Leasing Deal with DB Regio
Herbert Smith Freehills has advised DAL Deutsche Anlagen-Leasing (DAL) on a deal to lease 15 new electric traction vehicles to DB Regio AG for use on the local rail passenger network "Nord Süd 2." The law firm also helped DAL secure financing from Helaba Landesbank Hessen-Thüringen.
The deal relates to 12 double-deck electric multiple units (Stadler KISS) and three single-deck electric multiple units (Stadler FLIRT XL) from the Swiss manufacturer Stadler. The trains are scheduled to operate from December 2026 on tracks between the cities of Stralsund and Halle (Saale) and between Rostock and Berlin ("Nord Süd 2" network). The annual mileage is expected to be around 5 million train kilometres.
Two special purpose vehicles (SPVs) set up by DAL will be leased to DB Regio AG under long-term agreements after delivery.
DAL is a subsidiary of Deutsche Leasing AG, Germany’s largest non-captive leasing company. With annual transaction volumes of around €2.4 billion, DAL is a leading specialist in realising private sector investments and infrastructure projects in Germany.
Herbert Smith Freehills is a regular advisor to DAL on rolling stock leasing transactions.
The Herbert Smith Freehills team advising DAL Deutsche Anlagen-Leasing was led by counsel Hannes Jacobi and included partner Kai Liebrich and associate Justus ter Veen, all in the finance department.