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  • On 9 March 2020, TIP Trailer Services, a portfolio company of I Squared Capital, successfully refinanced its Asset Backed Securitization (ABS) programme. The Pan-European programme was originally established in 2014 and will now run until March 2021. As part of the refinancing, the credit rating of the securitization programme has also been upgraded to AA from A (bank internal rating), reflecting the strength of the underlying assets. Bob Fast, CEO, TIP Trailer Services "We are delighted to announce the re-financing of our EUR100m senior facility with Rabobank, our existing provider, and one of our key partner banks. The extension of the program provides us with support for achieving our long term growth plans and enables us to serve our customers effectively. The improved credit rating demonstrates the attractiveness of the facility, and has allowed us to maintain competitive financing costs for the overall portfolio." About TIP Trailer Services Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one of Europe and Canada's leading equipment service providers, specializing in trailer leasing, rental, maintenance and repair, as well as other value-added services and provides these to transportation and logistics customers. TIP services customers from 102+ locations spread across 17 countries. For more information, please visit: About I Squared Capital I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore. www.tipeurope.com View source version on businesswire.com: Contact Kapil Sharma Treasury and Investor Relations Director T: +31 20 504 1677 M: +31 621 105358 E: kapil.sharma@tipeurope.com Marc Aandeweg VP Sales and Marketing M: +31 613 114293 E: marc.aandeweg@tipeurope.com Postal address: TIP Trailer Services, Alpha Tower, De Entree 33 1101 BH Amsterdam The Netherlands © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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  • Press Release from Business Wire: TIP Trailer Services
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