Touax Secures $115 Million in Renewed Financing for Containers Division

Touax (TOUP.PA) on Thursday renewed the asset-backed facilities of its containers division with ING Bank, ABN Amro Bank, and Helaba Landesbank Hessen-Thüringen. The renewed $115 million financing will enable Touax Container Asset Financing to refinance its asset portfolio over a four-year term and fund the purchase of new equipment for leasing and trading, according to a Thursday release. The French operational leasing company added that an accordion option for an additional $20 million is also available under the renewed financing.