Touax: Successful asset refinancing - Containers Business
December 01 2020 - 11:45AM
Touax: Successful asset refinancing - Containers Business
PRESS
RELEASE
Paris, December 1, 2020 – 5.45 p.m.
YOUR OPERATIONAL LEASING SOLUTION
FOR SUSTAINABLE TRANSPORTATION
Successful asset refinancing - Containers
Business
Touax announces today that it has successfully
refinanced asset-backed facilities of its Container division for a
total of US$ 75 million, versus US$ 60 million previously,
combining a Term Loan of US$ 37 million and a Revolving Credit
Facility (RCF) of US$ 38 million with a two-year maturity. The
documentation provides for an accordion option, allowing the line
to be scaled up to US$ 85 million, to support growth.
This operation allows the refinancing of the
existing portfolio of assets as well as the financing of future
investments. Touax Container Asset Finance Ltd will thus continue
to invest for its development, particularly in the purchase of
equipment for leasing purpose.
Financing is granted by ABN AMRO Bank N.V., ING
Belgium SA / NV and NIBC Bank N.V.
Touax was advised by Stephenson Harwood (Legal
Counsel).
“We are very pleased with the renewed confidence
of our banks ABN and NIBC and delighted that ING is now also
supporting our Containers business. This financing, of which the
overall cost has decreased, comes in a context of a strong market
and will allow us to meet our customers’ needs throughout the
world”, commented Fabrice and Raphaël Walewski, managing partners
of Touax Group.
UPCOMING EVENTS
- February 26, 2021: 2020 Revenue from activities
- March 24, 2021: 2020 annual results – SFAF presentation
- March 26, 2021: Conference call to present the annual
results
TOUAX Group leases out
tangible assets (freight railcars, river barges and containers) on
a daily basis worldwide, both on its own account and for investors.
With nearly €1.1bn in assets under management, TOUAX is one of the
leading European players in the leasing of such equipment.
TOUAX is listed on the
EURONEXT stock market in Paris - Euronext Paris Compartment C (ISIN
code: FR0000033003) - and is listed on the CAC® Small, CAC® Mid
& Small and EnterNext©PEA-PME 150 indices.
For further
information please visit: www.touax.com
Contacts:TOUAX
ACTIFINFabrice & Raphaël
WALEWSKI
Ghislaine
Gasparettotouax@touax.com
ggasparetto@actifin.frwww.touax.com
Tel: +33 1 56 88 11 11Tel:
+33 1 46 96 18 00
- EN TOUAX PR Refi TCAF 12012020
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