De Gaulle Fleurance & Associés advises Touax in the refinancing of its OBSAR

25/05/12

The group specialised in the manufacturing of modular constructions refinances itself.

 

The group Touax is one of the largest global operators in the sector of operational leasing of modular constructions allowing the setting up of temporary or definitive modular structures from a single unit as well as river barges, sea containers and wagons.

 

In 2007, Touax SCA issued OBSAR amounting to 40 million Euros maturing in March 2012. In order to refinance the OBSAR issuing programme, Touax SCA concluded in March 2012 a syndicated loan in the form of a club deal amounting to 43 million Euros with Société Générale Corporate & Investment Bank, as appointed arranger, Société Générale, Banque de l’Economie, du Commerce et de la Monétique, BNP Paribas, BRED Banque Populaire, Crédit Industriel et Commercial, Crédit Lyonnais and Bank of China, as lenders, and Société Générale, as agent.

 

Touax SCA was advised by the law firm de Gaulle Fleurance & Associés.

The banks were advised by Allen & Overy.

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