The facility was originally established in 2014 for a five-year period with three banks in the syndicate and a total amount of €300 million. The new facility aims to support the long-term growth plan of the business.
“The re-financing of our RCF and the liquidity it provides put us in a strong position to continue to invest in capex, PP&E, bolt-on acquisitions and broaden our geographic presence. It will support and underpin our growth aims over the coming years.”
“We originally structured and funded our RCF with three banks four years ago and now we are delighted to have ten leading banks in the syndicate. There was strong demand from the market, driven by our business growth and performance over the past five years. As well as providing us with competitive cost of funds, it provides us with a solid and flexible base to grow, as well as navigate any economic downturn that might arise over the coming years. We are entering 2019 with a strong balance sheet.”
About TIP Trailer Services
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Questions or additional information, please contact:
T +31 20 504 1677
M +31 621 105358
E kapil.sharma@tipeurope.com
T +31 20 504 2241
M +31 650 855133
E ana.perezlatorre@tipeurope.com
Marc Aandeweg
VP Sales and Marketing
M +31 613114293
E marc.aandeweg@tipeurope.com
Postal address:
TIP Trailer Services,
“Alpha Tower”, De Entree 33
1101 BH Amsterdam
W www.tipeurope.com
Source: TIP Trailer Services
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