TOUAX sigla club deal da 55 milioni di euro

TOUAX annuncia il perfezionamento di una linea di credito sindacata di E 55 milioni sotto forma di club deal.

, 27/10/2008 (informazione.news - comunicati stampa - trasporti) Fabrice e Raphaël Walewski (amministratori) hanno commentato: "Alla luce della crisi del credito e del crollo dei mercati in tutto il mondo, ci rallegriamo del fatto che i nostri partner bancari abbiano fiducia nelle prospettive del gruppo e nella solidità del suo modello di business. Questa fiducia rafforza la nostra capacità di continuare a implementare una strategia di crescita internazionale puntando su mercati strutturalmente in crescita."

The execution of this club deal will make it possible to pre-finance assets purchased by TOUAX before being sold on to third-party investors or putting in place long-term financing for them. This facility replaces bilateral lines previously employed by the company and accordingly provides access to over E30 million (or the equivalent in dollars) in additional credit facilities.

This facility was jointly arranged by Crédit Lyonnais, Société Générale Corporate & Investment Banking and KBC, and coordinated by the SG CIB teams. The Group's main banking partners are represented: Banque de l'Économie du Commerce et de la Monétique, Bred Banque Populaire, Fortis, BNP Paribas, Crédit du Nord and those mentioned above.

This revolving credit facility is repayable at the end of the 3-year term, documented in line with market practice and governed by the Group's usual ratios, with a financing spread of 125 bps over the variable rates.

Given the visibility of its order book and of its investment policy, the Group maintains its target, revised upwards in 2008, of a minimum 40% rise in net income (compared to the +30% previously announced) and reaffirms its confidence for 2009.

The TOUAX Group provides its operational leasing services to a global customer base, both for its own account and on behalf of investors. As European market leader in shipping containers and river barges and close to the top in modular buildings and freight railcars, TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets by offering them speedy and flexible leasing solutions. The Group's diversification and the synergy of its four business segments (shipping containers, modular buildings, river barges, and freight railcars) provide a solid foundation and considerable potential for growth. In 2007 the Group posted revenues of E278.1 million (+10%), with net attributable income totalling E11.7 million (+63%).

TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment B (ISIN code FR0000033003). www.touax.com

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