Austrian Train Finance secures CHF 90m financing

Niederer Kraft Frey advised Zürcher Kantonalbank and UBS Switzerland AG as mandated lead arrangers on a CHF 90 million syndicated credit financing for Austrian Train Finance II AG. The financing secured by Austrian Train Finance II AG ensures the production and delivery of three high-speed SMILE trains to a private Austrian railway operator. The SMILE trains will be produced by Stadler Rail in Bussnang, Switzerland and are set to operate in Austria from March 2026.

The NKF team was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with junior associates Géraldine Küderli and Manuel Constam (both M&A/Finance) and partner Markus Kronauer (Tax).