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31 Jul 2023

Stephenson Harwood advises Touax on €40 million refinancing

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Law firm Stephenson Harwood LLP has advised Touax on its recent €40 million refinancing, which involved a group of banks led by Le Crédit Lyonnais (LCL) and Banque Internationale à Luxembourg (BIL).

Touax, which was founded in 1853, is a French operational leasing company, with €1.3 billion in assets under management. It is one of the world's leading long-term transport equipment leasing companies, which focuses on freight wagons, river barges, and containers.

This financing extends the average maturity of the group's debt, and is in line with its growth strategy and profitability targets, which are part of its sustainable transport plan.

The Stephenson Harwood team comprised partner Jeremy Grant and associate Jihane Chraibi, with further assistance from associate Sofiya Hrytsyuk.

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