IFCO Systems

IFCO replaces Second Lien Loan of 200 million Euro prematurely

Share

The new Term Loan B add-on facility is unchanged running for 6 years and the interest rate margin is significantly reduced to currently 3.5 percent per year

Pullach, July 2, 2020: IFCO GROUP, the world’s leading supplier of Reusable Plastic Containers (RPCs) for fresh food, has prematurely replaced its Second Lien Loan, entered in 2019, by an add-on facility to its existing Term Loan B of 200 million Euro. The transaction met with lively demand among institutional investors in Germany and abroad and was over-subscribed several times.

The maturity of the add-on facility is unchanged in 2026 and comes with an interest rate margin of currently 3.5 percent per year. This means a considerable reduction in interest expenses compared to the previous second lien financing.

With the new add-on facility, IFCO is able to expand its funding framework for its planned growth while further reducing its interest expenses. The globally operating provider of 

Please find the full announcement here

Contacts

Press contacts

IFCO:
Daniela Carbone
VP - Global Marketing
Tel.: +49 (0)89 74491-323
Daniela.Carbone@ifco.com
www.ifco.com

About IFCO Systems

IFCO Systems
IFCO Systems



Subscribe to releases from IFCO Systems

Subscribe to all the latest releases from IFCO Systems by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from IFCO Systems

IFCO acquisition by Triton and ADIA has been finalized3.6.2019 10:50:38 CESTPress release

Munich, June 3, 2019: IFCO SYSTEMS, the leading global provider of reusable packaging solutions for fresh foods, announced that the acquisition by Triton and Abu Dhabi Investment Authority (ADIA) has been finalized on May 31, 2019. The two investment companies acquired IFCO for an enterprise value of US$ 2.51 billion. This makes IFCO a fully independent company, able to act agile and flexibly and to offer the industry’s most efficient and sustainable fresh foods packaging solutions. Brambles, the former parent company of IFCO, acquired IFCO in March 2011. Since then, IFCO has grown to be the global market leader for reusable plastic containers (RPCs) for fresh foods. Today, IFCO has 32 subsidiaries around the world, which serve more than 320 retailers and over 14,000 producers in over 50 countries. The company operates more than 75 service centers and a global pool of over 290 million RPCs which are used in over 1.6 billion shipments of fresh fruits and vegetables, meat, poultry, seafo

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom