De Pardieu Brocas Maffei advises Touax on a US$60,000,000 Secured Single Currency Revolving and Term Loan Facility

De Pardieu Brocas Maffei advised Touax, the global operational leasing group, on the negotiation of US$60,000,000 Secured Single Currency Revolving and Term Loan Facility which closed on 31 May 2018.

The borrowing was done through Touax’s shipping container division, with Touax Container Asset Finance (Ireland) as borrower and Touax Container Services (France) as guarantor. The loans are secured by portfolios of shipping containers and related leasing receivables.

This was a complex multi-jurisdictional transaction involving Ireland, France, Singapore, Hong Kong and the US. It was documented under English law.