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TOUAX SCA Capital/Financing Update 2022

Jul 19, 2022

1711_iss_2022-07-19_9a20ab14-e7b6-4a34-9589-106c6567dfb3.pdf

Capital/Financing Update

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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.