The new term loan B tranche has an unchanged term of 6 years and a significantly lower interest margin of currently 3.5 percent p.a.
Pullach – The IFCO Group, the world’s leading provider of reusable plastic containers (RPCs) for fresh food, has prematurely extended the subordinated loan taken out in spring 2019 with a new term loan B tranche with a volume of 200 million Euro refinanced. The issue met with very high demand from institutional investors in Germany and abroad and was oversubscribed several times.
The new tranche has a term until 2026 and is currently with an interest margin of 3.5 percent p.a. fitted. This significantly reduces the interest expense compared to the previous subordinated loan.
IFCO is preparing for further growth
With the new loan, IFCO succeeds in expanding the financing framework for further planned growth and at the same time further reducing its interest expenses. The globally operating supplier of reusable containers for the transport of fresh food has already expanded considerably in recent years.
With its digital offerings such as the MyIFCOTM platform and app, IFCO offers its customers innovative options for digitizing their supply chains. As a result, IFCO supports companies along the entire supply chain not only in the sustainable but also in the future-proof alignment of their business model. IFCO RPCs enable a significant reduction in CO2 emissions, solid and food waste.
Permanent further developments for IFCO customers
Always focused on the needs of its customers, IFCO is constantly developing new RPC models. The company already offers a wide range of reusable containers for the transport of fresh fruit and vegetables, meat, fish, baked goods or eggs. IFCO recently expanded its range to include the new RPC Mini Series, specially designed for the transport of packaged snacks and convenience products suitable for immediate consumption.
“With the successful placement of the additional tranche on the capital market, IFCO is able to continue its success story and to further develop innovative, digital and sustainable solutions for food transport. We look forward to supporting our customers in the future with future-oriented solutions to make their contribution to a sustainable environment, ”explains Dr. Julian zu Putlitz, CFO of the IFCO Group.