Herbert Smith Freehills advises DAL Deutsche Anlagen-Leasing as lessor on rolling stock financing for the Lahntal-Vogelsberg-Rhön rail network

Herbert Smith Freehills has advised two special purpose companies (SPC) of DAL Deutsche Anlagen-Leasing as lessors on the provision of brand new and used diesel railcars for Hessische Landesbahn GmbH (HLB).

HLB will use the railcars through its subsidiary HLB Hessenbahn GmbH for local rail passenger services on the Lahntal-Vogelsberg-Rhön network (LVR network) from the timetable change in December 2023.

One DAL SPC acts as lessor for 23 modernised Alstom diesel railcars of the type Coradia Lint 41. Landesbank Hessen-Thüringen Girozentrale (Helaba) is financing the acquisition and redesign of these rail cars.

Seven brand-new Alstom diesel railcars of the type Coradia Lint 54 will be acquired and leased by another DAL SPC. Another bank is providing the financing for the acquisition of these vehicles.

The Herbert Smith Freehills team advising DAL Deutsche Anlagen-Leasing was led by Senior Associate Dr Hannes Jacobi and included Partner Kai Liebrich as well as Associate Dr Tim Abendschein (all Finance, Frankfurt).