Italia markets open in 8 hours 34 minutes
  • Dow Jones

    29.683,74
    +548,75 (+1,88%)
     
  • Nasdaq

    11.051,64
    +222,13 (+2,05%)
     
  • Nikkei 225

    26.173,98
    -397,89 (-1,50%)
     
  • EUR/USD

    0,9730
    +0,0132 (+1,37%)
     
  • BTC-EUR

    20.168,40
    +428,78 (+2,17%)
     
  • CMC Crypto 200

    447,10
    +18,32 (+4,27%)
     
  • HANG SENG

    17.250,88
    -609,43 (-3,41%)
     
  • S&P 500

    3.719,04
    +71,75 (+1,97%)
     

Touax: Increased financing capacity to support Containers division growth

·2 minuto per la lettura
TOUAX
TOUAX

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        ACTIFIN
Fabrice & Raphaël Walewski        Ghislaine Gasparetto
touax@touax.com        ggasparetto@actifin.fr
www.touax.com        Tel: +33 1 56 88 11 11
Tel: +33 1 46 96 18 00

Attachment