Touax to repay term loans, revolving credit facilities via new notes

By Tali Rackner

Norfolk, Va., March 23 – Touax SCA plans to repay certain of its and its subsidiaries' outstanding term loan credit facilities and debt securities with the proceeds from a €200 million senior secured note offering, according to a notice.

Proceeds will also be used to repay and cancel two of Touax’s and its subsidiaries' revolving credit facilities, repay a portion of outstanding amounts under its subsidiaries' warehouse credit facilities and pay costs and expenses related to the offering, with the remainder being used for other general corporate expenses.

Based in Paris, Touax leases shipping containers and river barges as well as modular buildings and freight railcars.

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