Touax sets roadshow for €200 million secured notes due 2020

By Paul A. Harris

Portland, Ore., March 23 – Touax SCA plans to start a roadshow on Tuesday for a €200 million offering of senior secured notes due 2020, according to a market source.

The roadshow wraps up on Friday, and the Rule 144A and Regulation S for life deal is set to price thereafter.

Joint bookrunner Credit Agricole CIB will bill and deliver. SG CIB is also a joint bookrunner.

DVB Bank and CM-CIC are co-managers.

The notes come with two years of call protection.

Credit ratings remain to be announced.

The Paris-based company plans to use the proceeds to repay its and its subsidiaries’ term loan credit facilities and debt securities, as well as to repay and cancel two of its and its subsidiaries’ revolvers, to pay down the subsidiaries’ warehouse credit facilities and for other general corporate expenses.

Touax is a worldwide lessor of shipping-containers, modular buildings, freight railcars and river barges.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.