Peacock closes multi-currency senior debt refinancing
The Peacock Container Group has signed a $200 million facility agreement, refinancing both its existing senior debt facilities and the interim financing that was put in place for the acquisition of the assets of GEM Containers in May 2021.
The multi-currency (USD and EUR) facility agreement has a combination of senior term loans, underpinning the refinancing of Peacock’s current fleet, as well as revolving credit facilities providing flexibility to support Peacock’s ambitious growth plans over the coming years.
The ISO tank container leasing sector has shown resilience and stability during the COVID-19 pandemic period and continues to demonstrate strong positive growth prospects.
The successful senior debt raising strengthens Peacock’s capital structure through the introduction of two new lending banks to Peacock, materially reduces total financing costs, and also includes accordion features to increase funding when necessary to capture additional strategic initiatives.
The bookrunners and mandated lead arrangers are ABN AMRO Bank NV and ING Bank NV, Singapore Branch, with TIAA FSB participating as lender.
For more information visit www.peacockcontainer.com
9th July 2021
