GlobeNewswire

Touax: Success of the partial buyback of the Undated Deeply Subordinated Bond

Share

PRESS RELEASE                                                                                                          Paris, November 27, 2020 – 5.45 p.m.

YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION

Success of the partial buyback of the Undated Deeply Subordinated Bond

Touax SCA announces today that it has bought back and canceled part of the Undated Deeply Subordinated Bond issued in August 2013, November 2013 and May 2014, for a nominal amount of 24.2 million euros. The outstanding amount of the bonds stands at 26.6 million euros.

This operation will enable to optimize the capital structure of the Group and to lower the related costs.

Fabrice and Raphaël Walewski, managing partners of Touax Group commented: “The strategic refocusing initiated since 2018 around the long-term rental business of environmentally-friendly transport equipment has allowed a return to growth and profit over the first half of 2020.

The capital increase of Touax Rail for 81.9 million euros achieved at the end of September 2020 significantly strengthened the capital of the Rail division and the group and thus accelerates its development.

Touax Group’s shareholder value creation strategy continues with initiatives to lower the cost of its debt, of which this operation is part.

We would like to thank the investors who have supported us over the past 6 years on this instrument which has enabled them to generate an average annual return of 7.95%.”

Touax was advised by the firm White & Case (legal advisor) and the company Octo Finances (Dealer Manager), SGSS and Lucid were respectively tender agent and information agent.

UPCOMING EVENTS

  • February 26, 2021: 2020 Revenue from activities
  • March 24, 2021: 2020 annual results – SFAF presentation
  • March 26, 2021: Conference call to present the annual results

TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis worldwide, both on its own account and for investors. With nearly €1.1bn in assets under management, TOUAX is one of the leading European players in the leasing of such equipment.

TOUAX is listed on the EURONEXT stock market in Paris - Euronext Paris Compartment C (ISIN code: FR0000033003) - and is listed on the CAC® Small, CAC® Mid & Small and EnterNext©PEA-PME 150 indices.

For further information please visit: www.touax.com

Contacts:
TOUAX                                                                                                                                    ACTIFIN
Fabrice & Raphaël WALEWSKI                                                                               Ghislaine Gasparetto
touax@touax.com                                                                                               ggasparetto@actifin.fr
www.touax.com                                                                                                    Tel: +33 1 56 88 11 11
Tel: +33 1 46 96 18 00                                                                                                                                                                           

Attachment


About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

SEK TENDER OPERATION ANNOUNCEMENT FOR ONWARD LENDING27.1.2021 16:20:00 CETPress release

Bid date, 2021-01-29Bid Submission Date2021-01-29Bid times10.30-11.00 (CET/CEST) on the Bid dateOffered Amount50 billion SEKMaximum Permitted Bid Volume12.5 billion SEK from an individual bidderSettlement Date2021-02-02Minimum Permitted Bid Volume10 million SEK per bidFinal Repayment Date2025-02-03Maximum Allocation25 per cent of Offered AmountAllocation TimeNot later than 11.30 (CET/CEST) on the Bid dateRepayment Date2022-02-02Option Repayment Date 12023-02-02Option Repayment Date 22024-02-02Interest rateThe Riksbank´s applicable repo rateAdditional interest rate0.10 per centConfirmation of bids to e-maileol@riksbank.se Stockholm, 2021-01-27 This is a translation of the special terms and conditions published on www.riksbank.se. In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms and conditions can be retrieved at www.riksbank.se.

Hexagon Purus selected by Talgo for first zero-emission hydrogen train in Spain27.1.2021 16:00:00 CETPress release

Hexagon Purus has received an order to deliver high pressure cylinders to Talgo, S.A., a leading manufacturer of intercity, standard and high speed passenger trains, for its first hydrogen prototype train. The Talgo Vittal-One train will be built and deployed in Spain and will serve as a testbed for how hydrogen technologies could be implemented in the Iberian Southwest. “There are more than 10,000 diesel trains in operation across Europe that will need to be replaced over the next 15 years. For distances between 400-800 km, hydrogen-powered trains are a smart solution to reduce local emissions without incurring the high cost of electrifying the tracks,” says Michael Kleschinski, Executive Vice President of Hexagon Purus. “We are excited to help develop the solutions needed for this ground-breaking move in public transit.” “Green hydrogen is no longer the future, it is a reality,” says Mr. Emilio García. Innovation Director at TALGO. “The start-up of hydrogen trains such as Talgo’s Vit

Property Carriers Beat Fraud with New Prior Loss Images in Verisk’s ISO ClaimSearch®27.1.2021 15:45:00 CETPress release

Jersey City, N.J., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK) announced that ISO ClaimSearch, the world’s largest database of property and casualty insurance (P&C) claims, has enhanced its robust claim intelligence platform by adding prior loss image matching. This automates previously laborious processes and significantly bolsters fraud protection. Millions of property images have been added to the system, which contains over 1.5 billion claim records and receives ongoing contributions from more than 90% of P&C insurers. Verisk created this enhancement – available at no cost to participants -- by tapping into participant-authorized claim images from its Xactware property estimation system. How ISO ClaimSearch works: As adjusters review ISO ClaimSearch match reports, a simple on-screen camera icon easily identifies prior claims containing photos.Prior loss images may reveal pre-existing damage, or the same damage being claimed again.Image forensics expose anomalies such as

Virgin Hyperloop Unveils Passenger Experience Vision27.1.2021 15:00:00 CETPress release

Groundbreaking design shows end-to-end passenger experience for the 21st century LOS ANGELES, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Just months after their first passenger testing, Virgin Hyperloop today unveiled its vision for the future hyperloop experience. The newly-released concept video takes the viewer step-by-step through a hyperloop journey, from arriving at the portal to boarding the pod. “Showing the passenger experience of Virgin Hyperloop is a glimpse of the future, following the success three months ago when people rode in a hyperloop pod for the first time,” said Sultan Bin Sulayem, Chairman of Virgin Hyperloop and Group Chairman and CEO of DP World. “We have demonstrated the maturity of our technology. We are getting closer to commercialization of what will be the first new mass-scale transportation mode in a century.” “Designing a new mode of transportation from scratch is both an opportunity and a responsibility,” said Sara Luchian, Virgin Hyperloop’s Director of Passenge

Virgin Hyperloop Unveils Passenger Experience Vision27.1.2021 15:00:00 CETPress release

Groundbreaking design shows end-to-end passenger experience for the 21st century LOS ANGELES, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Just months after their first passenger testing, Virgin Hyperloop today unveiled its vision for the future hyperloop experience. The newly-released concept video takes the viewer step-by-step through a hyperloop journey, from arriving at the portal to boarding the pod. “Showing the passenger experience of Virgin Hyperloop is a glimpse of the future, following the success three months ago when people rode in a hyperloop pod for the first time,” said Sultan Bin Sulayem, Chairman of Virgin Hyperloop and Group Chairman and CEO of DP World. “We have demonstrated the maturity of our technology. We are getting closer to commercialization of what will be the first new mass-scale transportation mode in a century.” “Designing a new mode of transportation from scratch is both an opportunity and a responsibility,” said Sara Luchian, Virgin Hyperloop’s Director of Passenge

Golar LNG Partners LP Cash Distributions27.1.2021 15:00:00 CETPress release

Golar LNG Partners LP (“the Partnership”) (NASDAQ: GMLP) announced today that its board of directors has approved a quarterly cash distribution with respect to the quarter ended December 31, 2020 of $0.0202 per common and general partner unit. This cash distribution will be paid on February 12, 2021 to all common and general partner unitholders of record as of the close of business on February 5, 2021. As set forth in our press release dated January 13, 2021, the Partnership has entered into a merger agreement with New Fortress Energy, Inc. (“NFE”). For additional information, please see the Partnership’s definitive proxy statement which will be filed with the Securities and Exchange Commission. A cash distribution of $0.546875 per Series A preferred unit (NASDAQ: GMLPP) for the period from November 15, 2020 through February 14, 2021 has also been declared. This will be payable on February 15, 2021 to all Series A preferred unitholders of record as at February 8, 2021. Under the merger