July 19 (Reuters) - TOUAX SGTR CITE SGT CMTE TAF SLM TOUAGE
INVESTISSEMENTS REUNIES SCA TETR.PA :
* TOUAX: INCREASED FINANCING CAPACITY TO SUPPORT CONTAINERS
DIVISION GROWTH
* ANNOUNCES IT HAS SUCCESSFULLY RENEWED ON 18 JULY 2022
ASSET-BACKED FACILITIES OF ITS CONTAINERS DIVISION FOR AN AMOUNT
OF $100.5 MILLION, INCREASED FROM $75 MILLION IN INITIAL 2020
FINANCING AGREEMENT
* THIS TRANSACTION ALLOWS REFINANCING OF TOUAX CONTAINER
ASSET
FINANCING LTD PORTFOLIO OF ASSETS OVER 4 YEARS AND FINANCING OF
GROWTH OF DIVISION
* DOCUMENTATION ALSO PROVIDES FOR AN ADDITIONAL $15 MILLION
ACCORDION OPTION, ALLOWING CAPEX LINE TO BE SCALED UP
* FINANCING IS GRANTED BY ABN AMRO BANK N.V., ING BELGIUM
SA/NV
AND NIBC BANK N.V.
Source text for Eikon: ID:nGNEchldQn
Further company coverage: TETR.PA
(Gdansk Newsroom)
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