TOUAX Group refinanced ?55 million Senior Secured Rail Facility
(Thomson Reuters ONE) -
PRESS RELEASE - Paris, 29 June 2015 - 6.30 p.m.
TOUAX
YOUR OPERATIONAL LEASING SOLUTION
TOUAX Group refinanced ?55 million Senior Secured Rail Facility
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TOUAX Group is delighted to announce that TOUAX Rail Limited a wholly owned
Irish subsidiary of the TOUAX Group completed the refinancing of a ?55 million
syndicated Senior Secured Credit Facility (the "Facility"). The Facility was
provided to one of Touax Rail Limited's majority owned subsidiaries.
The term of the ?55 million Facility is 5 years including scheduled
amortization. Proceeds of the Facility are used to refinance an existing fleet
of approximately 930 wagons managed by Touax Rail Limited.
The Facility is non-recourse to TOUAX Group and is attractively priced with a
spread of 2% over Euribor, in line with the Group's expectations. To reduce
interest rate risk, 90% of the Facility is hedged with an interest rate swap for
the term of the Facility.
The Facility was provided by a syndicate of three industry banks of which ING
Commercial Banking acted as agent, hedge-provider, mandated arranger and senior
lender, DVB SE acted as mandated arranger, senior lender and global security
trustee and Crédit Agricole Corporate and Investment Bank who acted as mandated
arranger and senior lender.
TOUAX Group leases out tangible assets (shipping-containers, modular buildings,
freight railcars and river barges) on a daily basis to more than 5,000 customers
throughout the world, for its own account and on behalf of third party
investors. With more than ?1.7 billion under management, TOUAX is one of the
European leaders in the operational leasing of this type of equipment.
TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (Code
ISIN FR0000033003) and on the CAC® Small and CAC® Mid & Small indexes and in
EnterNext PEA-PME.
For more information: www.touax.com
Contacts:
TOUAX
Fabrice & Raphaël Walewski
Managing partners
touax(at)touax.com
Tel: +33 (0)1 46 96 18 00
ACTIFIN
Ghislaine GASPARETTO
ggasparetto(at)actifin.fr
Tel: +33 (0)1 55 88 11 11
Touax - refinancing of a ?55 million senior secured rail facility:
http://hugin.info/143600/R/1932643/695368.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TOUAX via GlobeNewswire
[HUG#1932643]
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2015 - 18:31 Uhr
Sprache: Deutsch
News-ID 403663
Anzahl Zeichen: 3402
contact information:
Town:
Paris-la-Défense
Kategorie:
Business News
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