Each bank is providing half of the funds for the transaction, which is composed of two facilities: a 5.5-year loan and a VAT facility worth more than €18m. DVB Bank has acted as both agent and lender, while KfW IPEX Bank has operated exclusively as a lender.

Luxembourg-based investment fund Touax Investments SCA will provide equity for the transaction.

Another Touax Group subsidiary, Touax Rail, will be responsible for managing the wagons as part of its lease portfolio.