TIP Trailer Services kondigt succesvolle herfinanciering van ABS-programma aan
AMSTERDAM – (BUSINESS WIRE) – Op 8 maart 2019 heeft TIP Trailer Services, een portefeuillebedrijf van I Squared Capital, haar Asset Backed Securitisation (ABS)-programma met succes geherfinancierd. Het pan-Europese programma werd oorspronkelijk opgezet in 2014 en werd eenmaal geherfinancierd in 2017. Het nieuwe programma loopt nu tot maart 2020.
Bob Fast, CEO van TIP Trailer Services
“In combinatie met onze recente succesvolle vijfjarige RCF-herfinanciering biedt het ABS-programma ons extra ondersteuning voor onze groeiplannen voor de lange termijn en blijft het onze klanten ondersteunen.”
TIP Trailer Services Announces the Successful Refinancing of its ABS Programme
AMSTERDAM–(BUSINESS WIRE)– On 8 March 2019, TIP Trailer Services, a portfolio company of I Squared Capital, successfully refinanced its Asset Backed Securitisation (ABS) programme. The Pan-European programme was originally established in 2014 and refinanced once in 2017. The new programme will now run until March 2020.
Bob Fast, CEO, TIP Trailer Services
“Combined with our recent successful 5 year RCF re-financing, the ABS programme provides us with additional support for our long-term growth plans, continuing to support our customers.”
Malachy Mc Enroe, CFO, TIP Trailer Services
“We are delighted to re-finance our senior facility of €100m with Rabobank, our existing provider, and one of our key partner banks. We have extended the current programme, which provides us with 12 months to develop a revised programme under the Basel III regulations for capital requirements on securitizations, and/or look at alternative funding options.”
About TIP Trailer Services
Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one of Europe and Canada’s leading equipment service providers, specializing in trailer leasing, rental, maintenance and repair, as well as other value added services and provides these to transportation and logistics customers across Europe and Canada. TIP services customers from 100+ locations spread over 17 countries in Europe and Canada.
About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.
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Contacts
Kapil Sharma
Treasury and Investor Relations Director
T +31 20 504 1677
M +31 621 105358
E kapil.sharma@tipeurope.com
Ana Perez Latorre
Senior Investor Relations Manager
T +31 20 504 2241
M +31 650 855133
E ana.perezlatorre@tipeurope.com
Marc Aandeweg
VP Sales and Marketing
M +31 613114293
E marc.aandeweg@tipeurope.com
Postal address:
TIP Trailer Services,
“Alpha Tower”, De Entree 33
1101 BH Amsterdam
The Netherlands