Scania Suministradora de Flota Tres

Scania / 265 EURO VI Low Carbon Diesel Buses - Acquisition

Industry
Transport/Road vehicles
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Chile

Deal Overview

Scania Suministradora de Flota Tres SpA, an SPV fully owned by Scania Finance Chile , will deliver and lease a fleet of 265 EURO VI low carbon diesel buses to Santiago’s public transport network through VOY Santiago SpA, an existing bus operator in the RED system, under a 10-year Lease that...

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Scania Suministradora de Flota Tres SpA, an SPV fully owned by Scania Finance Chile , will deliver and lease a fleet of 265 EURO VI low carbon diesel buses to Santiago’s public transport network through VOY Santiago SpA, an existing bus operator in the RED system, under a 10-year Lease that will be recognized as a “contrato de provision” by the Ministry of Transportation and Telecommunications in Chile (MTT). Project EURO consists in the financing of the Buses purchase leveraging the fixed 10-year Lease payments supported by the MTT.

The financing includes a 10-year fully amortizing non-recourse green term loan following the green loan principles as well as an interest rate hedge.

This fleet is part of the 1,637 new low carbon and electric buses that will enter the RED System by the end of 2022, as part of the Chilean government’s strategic plan of decarbonizing the country’s public transportation systems. 



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Deal Volume
$46.3m
Financial Close
15 November 2022
Sources
Submitted by participant(s)

All Dealmakers

Roukeya El Bouazzi

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Tranches


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Projects

265 EURO VI Low Carbon Diesel Buses

Greenfield
Road vehicles
Latin America
Chile
$48.79m