TIP Trailer Services Announces the Successful Refinancing of its ABS Programme
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.
Ana Perez Latorre
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
GLOBALTRADE-CORPORATION20.5.2019 06:02:07 CEST | Pressemeddelelse
Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business
TAKEDA-PHARMACEUTICAL20.5.2019 02:18:06 CEST | Pressemeddelelse
New Exploratory Data from VARSITY, First Head-to-Head Ulcerative Colitis Biologic Study Which Demonstrated Superiority of Vedolizumab to Adalimumab in Clinical Remission at Week 52, Presented at 2019 Digestive Disease Week®
TX-RESMED19.5.2019 21:17:12 CEST | Pressemeddelelse
Age, Gender, Disease Severity Impact Adherence to Long-Term PAP Therapy More Than Previously Thought
WORKIVA17.5.2019 14:02:08 CEST | Pressemeddelelse
Workiva Named Best-In-Class Cloud Service Provider at UK Cloud Awards
NOVAREMED17.5.2019 12:15:13 CEST | Pressemeddelelse
Novaremed Presents Top-Line Results from Phase 2a Diabetic Neuropathic Pain Study of NRD.E1 at NeuPSIG 2019
WIN-CONSORTIUM17.5.2019 11:40:10 CEST | Pressemeddelelse
WIN 2019 Symposium: WINnovation and Global Deployment of Precision Oncology
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.Besøg vores nyhedsrum