【TCDA Recommendation】Peacock closes multi-currency senior debt refinancing

LONDON, United Kingdom (8 July 2021) – Arcus Infrastructure Partners (“Arcus”) is pleased to announce that the Peacock Container Group (“Peacock”) has signed a c. USD200 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 N.V. and ING Bank N.V., Singapore Branch., with TIAA FSB participating as lender.

 

About Peacock

Peacock is an ISO tank container leasing company owning and operating a fleet of over 17,000 tank containers with capacities between 13,000 and 35,000 litres. With a solid commercial, operational and technical approach they offer leasing solutions for a variety of containers suitable for producers and transportation companies active in the international chemical, specialised gas and food processing industries. Beside immediate availability of standard ISO tanks Peacock also offers tailor made ISO tanks which best suit customer requirements. However, Peacock’s service goes above and beyond traditional rental or leasing and includes fleet management solutions, logistical support and supply chain optimisation. The Company operates primarily out of Singapore and Rotterdam and via agents in the US and Middle East.

For further information: www.peacockcontainer.com

 

About Arcus

Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and special co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value in excess of EUR 19bn (as of 31 March 2021).  Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the transportation, energy and telecommunications sectors.

For further information: www.arcusip.com

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