Gide on the financing of the spin-off transaction of Technip Energies gide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gide.com Daily Mail and Mail on Sunday newspapers.
18/12/2020 12:34
The Romanian Commercial Bank (BCR, Banca Comerciala Romana) signed a syndicated loan worth 51 million euro for Pehart Tec Group, the financing to be used to develop the two factories of the company in Petresti and Dej, the bank announced on Friday, according to AGERPRES. Our development plans include investing 20 million euro over three years, through a solid partnership with the banks that facilitated the credit. We are committed to being an example for the paper production industry and, as we enter new markets, to establish a new standard for ethical development friendly to the environment, having constantly in view the local community and creating new jobs in a robust industry, oriented towards the people, said Gabriel Stanciu, General Manager of Pehart Tec Group.
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.