By Devika Patel
Knoxville, Tenn., July 31 – Touax SCA completed a €16.6 million private placement of 5.75% senior bonds due July 31, 2023, according to a company press release.
Proceeds will be used to refinance the 6.25% bonds maturing on October 2, 2018 and for the general needs of the group.
Paris-based Touax is a lessor of shipping containers, freight railcars, modular buildings and river barges.
| Issuer: | Touax SCA
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| Issue: | Senior bonds
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| Amount: | €16.6 million
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| Maturity: | July 31, 2023
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| Coupon: | 5.75%
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| Settlement date: | July 31
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| Distribution: | Private placement
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