17 December 2020
McCann FitzGerald Advises Touax Rail Limited on €180 Million Asset Refinancing of its Rail Division
We advised Touax Rail Limited on the refinancing of its Railcar division for a total of €180 million combining a 5-year Green Loan of €120 million and a Revolving Credit Facility of €60 million for 3 years with a 2-year term loan conversion option.
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.
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