Touax: Increased financing capacity to support Containers division growth
20 July 2022 - 1:45AM
Touax: Increased financing capacity to support Containers division
growth
PRESS
RELEASE Paris, 19
July 2022 – 5.45 p.m.
YOUR OPERATIONAL LEASING SOLUTION FOR
SUSTAINABLE TRANSPORTATION
Increased
financing capacity to support
Containers division growth
TOUAX announces it has successfully renewed on
18 July 2022 the asset-backed facilities of its Containers division
for an amount of $100.5 million, increased from $75 million in the
initial 2020 financing agreement.
This transaction allows the refinancing of Touax
Container Asset Financing Ltd portfolio of assets over 4 years and
the financing of the growth of the division (notably through the
purchase of equipment for leasing). The documentation also provides
for an additional $15 million accordion option, allowing the capex
line to be scaled up.
TOUAX and its lenders have innovated through the
integration of a working capital facility dedicated to the trading
of containers, an activity successfully developed by the group
recently. TOUAX will also start in the coming weeks a process to
add ESG criteria into the financing agreement.
Financing is granted by ABN AMRO Bank N.V., ING
Belgium SA/NV and NIBC Bank N.V.
Touax was advised by Stephenson Harwood Paris
(legal counsel).
UPCOMING EVENTS
- 28 September 2022:
Publication of H1 results
- 29 September 2022:
Video conference call to present the H1 results in French
- 30 September 2022:
Video conference call to present the H1 results in English
- 14 November 2022:
Q3 revenue from activities
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 more than €1.2 billion of 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: 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 19 07 2022 PR Container Refinancing
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