McCann FitzGerald and Stephenson Harwoo advised Touax Rail Limited on the operation.
Touax Rail Limited announced 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.
The Stephenson Harwood team comprised of Jeremy Grant (Picture), Lisa Marks, Rebecca Garner, Kulraj Badhesha, and Cloé Nguyen.
The McCann FitzGerald included Colm Fanning and Joyce Cunningham.
Involved fees earner: Joyce Cunningham – McCann FitzGerald; Colm Fanning – McCann FitzGerald; Kulraj Badhesha – Stephenson Harwood; Rebecca Garner – Stephenson Harwood; Jeremy Grant – Stephenson Harwood; Lisa Marks – Stephenson Harwood; Cloé Nguyen – Stephenson Harwood;