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Ermewa Refinancing

Model Audit

22nd November 2019

DWPF provided model audit advice to Ermewa on the refinancing of EUR 1.6bn of debt linked to the business. The debt will refinance all existing bank debt and intercompany loans, and also includes a substantial revolving credit facility to fund future growth.


Ermewa Group is a European leader for industrial railcars and tank containers leasing services. It leases 42,000 railcars and 55,000 tank containers which transport cargo across Europe.