TOUAX: Successful asset refinancing in the Rail division for 180 million euros
December 18 2020 - 2:45AM
TOUAX: Successful asset refinancing in the Rail division for 180
million euros
PRESS
RELEASE
Paris, December 18, 2020 – 8.45 a.m.
YOUR OPERATIONAL LEASING SOLUTION
FOR SUSTAINABLE TRANSPORTATION
Successful asset refinancing in the Rail
division
for 180 million euros
- A Green Loan of 120 million euros
- A revolving credit facility of 60 million
euros
Touax announces the refinancing of its Railcar
division for a total of EUR 180 million combining a 5-year green
loan in euros and pounds sterling for an amount equivalent to 120
million euros equivalent and a Revolving Credit Facility (RCF) of 3
years with a 2-year term loan conversion option for an amount
equivalent to 60 million euros, in euros and pounds sterling for a
part.
This transaction ensures the refinancing of the
existing asset portfolio as well as the financing of future
investments. It comes after Touax Rail Limited's capital increase
last September with DIF Capital Partners and will support the
development of its long-term freight railcar leasing business in
Europe.
The arranger banks are Credit Agricole CIB
(Documentation Agent), Landesbank Hessen-Theringen Girozentrale
(Facility Agent and Security Trustee) and ING bank (Green
Advisor).
Touax was advised by Stephenson Harwood and
McCann Fitzgerald and lenders by Clifford Chance.
“We are very pleased with this financing, which
has decreased overall costs, and which marks our commitment to the
development of environmentally friendly transport activities. The
"Green Loan" label was obtained as all the railcars we lease comply
with the emission threshold of 40g CO2 e/tkm. This transaction will
increase our market presence and competitiveness and is also the
first financial transaction carried out jointly with our partner
DIF." Fabrice and Raphael Walewski, managing partners.
UPCOMING EVENTS
- March 24, 2021: 2020 Revenue from activities and 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 TRL 18 12 2020
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