Germany, July 20 -- KfW IPEX-Bank, together with Helaba, is providing senior debt financing totaling EUR 90 million for Meta Rail 1 Ltd. Meta Rail is 100% owned by the Selective European Transportation Equipment Fund ("SETEF"), a private equity infrastructure vehicle managed by Advisors & Partners GP, focused on environmentally aligned freight transportation assets across Europe. KfW IPEX-Bank is contributing EUR 45 million to the financing. Helaba is acting as Facility and Security Agent.The loan proceeds will be used to acquire around 900 freight wagons. These are standard freight wagon types used by European rail freight operators. The financing therefore supports lower-emission freight transport by shifting traffic from road to rail.
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