TOUAX: Successful asset refinancing in the Rail division for 180 million euros
YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION
Successful asset refinancing in the Rail division
for 180 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.