IFCO Systems

IFCO replaces Second Lien Loan of 200 million Euro prematurely

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The new Term Loan B add-on facility is unchanged running for 6 years and the interest rate margin is significantly reduced to currently 3.5 percent per year

Pullach, July 2, 2020: IFCO GROUP, the world’s leading supplier of Reusable Plastic Containers (RPCs) for fresh food, has prematurely replaced its Second Lien Loan, entered in 2019, by an add-on facility to its existing Term Loan B of 200 million Euro.The transaction met with lively demand among institutional investors in Germany and abroad and was over-subscribed several times.

The maturity of the add-on facility is unchanged in 2026 and comes with an interest rate margin of currently 3.5 percent per year. This means a considerable reduction in interest expenses compared to the previous second lien financing.

With the new add-on facility, IFCO is able to expand its funding framework for its planned growth while further reducing its interest expenses. The globally operating provider of reusable plastic containers for fresh food has already expanded strongly in the past years.

Please find the full announcement here.

Kontakter

IFCO:
Daniela Carbone
VP - Global Marketing
Tel.: +49 (0)89 74491-323
Daniela.Carbone@ifco.com
www.ifco.com

Information om IFCO Systems

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Study: IFCO RPCs extend shelf life of fresh produce by up to 4 days6.11.2018 15:15:21 CETPressemeddelelse

Pullach, Germany – 6. November 2018: IFCO, the leading global provider of reusable packaging solutions for fresh foods, announced today the results of a study on the impact of IFCO reusable plastic containers (RPCs) on the shelf life of fresh produce.IFCO RPCs extend the freshness and visual appeal of fresh fruits and vegetables for up to four days compared to single-use packaging. The study was commissioned by IFCO and conducted by Dr. Lippert Quality Management. The firm conducted realistic tests on four common products – melons, tomatoes, mushrooms and grapes – across the entire supply chain. The results show that IFCO RPCs help retailers increase profits by significantly reducing spoilage and waste, while boosting consumer satisfaction and loyalty. The RPCs already make a significant contribution to helping retailers achieve their sustainability and environmental goals and enabling them to prolong the shelf life of fresh produce extends these benefits even further. The testers conc