IFCO Systems

IFCO replaces Second Lien Loan of 200 million Euro prematurely

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The new Term Loan B add-on facility is unchanged running for 6 years and the interest rate margin is significantly reduced to currently 3.5 percent per year.

Pullach, July 2, 2020: IFCO GROUP, the world’s leading supplier of Reusable Plastic Containers (RPCs) for fresh food, has prematurely replaced its Second Lien Loan, entered in 2019, by an add-on facility to its existing Term Loan B of 200 million Euro. The transaction met with lively demand among institutional investors in Germany and abroad and was over-subscribed several times.

The maturity of the add-on facility is unchanged in 2026 and comes with an interest rate margin of currently 3.5 percent per year. This means a considerable reduction in interest expenses compared to the previous second lien financing.

With the new add-on facility, IFCO is able to expand its funding framework for its planned growth while further reducing its interest expenses. The globally operating provider of reusable plastic containers for fresh food has already expanded strongly in the past years.

Please find the full announcement here.

Press contacts

IFCO:
Daniela Carbone
VP - Global Marketing
Tel.: +49 (0)89 74491-323
Daniela.Carbone@ifco.com
www.ifco.com

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Walmart Selects IFCO as Exclusive Provider of Reusable Plastic Containers for Fresh Fruit & Vegetables in the U.S.8.2.2021 16:21:10 CETPressemelding

(Tampa, FL, USA): IFCO SYSTEMS (IFCO), the world’s largest operator of Reusable Plastic Containers (RPCs) for fresh food packaging, and Walmart, today announced the completion of a multi-year business agreement that will expand the retailer’s use of IFCO RPCs and make IFCO Walmart’s exclusive RPC packaging provider for select fresh fruits and vegetables distributed in the U.S. “IFCO and Walmart share the goal of an efficient, sustainable fresh food supply chain that helps nourish millions of Americans and billions of consumers worldwide,” said Dan Martin, outgoing President of IFCO North America. “This agreement is a win for IFCO, a win for Walmart, a win for the environment and a win for millions of grocery shoppers across America.” Under the seven-year agreement, IFCO and Walmart will build upon their longstanding collaboration, which launched in 1998 when the two companies joined forces to introduce reusable packaging in the U.S. Walmart suppliers will deliver their produce to Walma