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Peacock closes multi-currency senior debt refinancing

Arcus Infrastructure Partners (“Arcus”) is pleased to announce that the Peacock Container Group (“Peacock”) has signed a c. USD200 million facility agreement, refinancing both its existing senior debt facilities and the interim financing that was put in place for the acquisition of the assets of GEM Containers in May 2021.

The multi-currency (USD and EUR) facility agreement has a combination of senior term loans, underpinning the refinancing of Peacock’s current fleet, as well as revolving credit facilities providing flexibility to support Peacock’s ambitious growth plans over the coming years.

The ISO tank container leasing sector has shown resilience and stability during the COVID-19 pandemic period and continues to demonstrate strong positive growth prospects.
The successful senior debt raising strengthens Peacock’s capital structure through the introduction of two new lending banks to Peacock, materially reduces total financing costs, and also includes accordion features to increase funding when necessary to capture additional strategic initiatives.

The bookrunners and mandated lead arrangers are ABN AMRO Bank N.V. and ING Bank N.V., Singapore Branch., with TIAA FSB participating as lender.
July 8, 2021


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