MUFG and Societe Generale support clean transport in Gothenburg with EIB credit line
Passenger bus and train operator Transdev has announced its first SEK1.2 billion (about $143.2 million) green bus structured financing transaction, aimed at providing Gothenburg with low-carbon public transportation. The financing was arranged with Mitsubishi UFJ Financial Group and Societe Generale, supported by the European Investment Bank.
The funds will be used for the acquisition of 297 electric and biofuel buses being leased to Transdev for its use on five concessions in Gothenburg, starting from December 2020. Societe Generale’s participation will be funded by the European Investment Bank.
MUFG Bank and Societe Generale acted as Co-Arrangers, Lenders, Hedge Counterparty and Joint Green Structuring Advisor to Transdev. Societe Generale also acted as Lease Arranger and Agent.
Norton Rose Fulbright Paris and law firm Hammarskiöld advised the two Co-Arrangers and the Lessor on the transaction. The law firm De Gaulle Fleurance & Associés advised Transdev. KPMG AB assisted the lenders with regard to value-added tax matters in Sweden.
