TIP Trailer Services Announces the Successful Refinancing of its ABS Programme
AMSTERDAM–(BUSINESS WIRE)–On 8 March 2019, TIP Trailer Services, a portfolio company of I Squared
Capital, successfully refinanced its Asset Backed Securitisation (ABS)
programme. The Pan-European programme was originally established in 2014
and refinanced once in 2017. The new programme will now run until March
2020.
Bob Fast, CEO, TIP Trailer Services
“Combined with our recent successful 5 year RCF re-financing, the ABS
programme provides us with additional support for our long-term growth
plans, continuing to support our customers.”
Malachy Mc Enroe, CFO, TIP Trailer Services
“We are delighted to re-finance our senior facility of €100m with
Rabobank, our existing provider, and one of our key partner banks. We
have extended the current programme, which provides us with 12 months to
develop a revised programme under the Basel III regulations for capital
requirements on securitizations, and/or look at alternative funding
options.”
About TIP Trailer Services
Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one
of Europe and Canada’s leading equipment service providers, specializing
in trailer leasing, rental, maintenance and repair, as well as other
value added services and provides these to transportation and logistics
customers across Europe and Canada. TIP services customers from 100+
locations spread over 17 countries in Europe and Canada.
About I Squared Capital
I Squared Capital is an independent global infrastructure investment
manager focusing on energy, utilities, telecommunications and transport
in the Americas, Europe and Asia. The firm has offices in Hong Kong,
Houston, London, Miami, New Delhi, New York and Singapore.
Contacts
Kapil Sharma
Treasury and Investor Relations Director
T +31 20
504 1677
M +31 621 105358
E kapil.sharma@tipeurope.com
Ana Perez Latorre
Senior Investor Relations Manager
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
The Netherlands
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