Wilbur Ross’s VTG Raises 930 Million Euros From Bonds, Loans
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VTG AG, which operates 50,000 railcars, said it raised about 930 million euros ($1.4 billion) from bonds and loans which will support its expansion.
The Hamburg-based company sold 450 million euros and $40 million of seven, 10, 12, and 15-year bonds through a U.S. private placement which it said will open up access to capital markets. The bond sale was managed by Deutsche Bank AG and Bank of America Merrill Lynch, according to a statement from VTG.