Norton Rose Fulbright advises Touax on a €50 million financing to support its freight railcar activity

Global law firm Norton Rose Fulbright has advised Touax, a French operational leasing company, in relation to a green financing of up to €50 million extended to its railcar division by the European Investment Bank as well as the corresponding intercreditor arrangements.

The financing will allow the European Investment Bank to benefit from cross-collateralization with the division’s existing secured financing structure involving long-standing debt which is contracted with a pool of commercial banks.

Founded in 1898, Touax now has €1.3 billion in assets under management. It is one of the world's leading long-term transport equipment leasing companies, which focuses on freight wagons, river barges, and containers.

The Paris-based Norton Rose Fulbright team advising Touax on this operation was led by partner Jeremy Grant, with assistance from associate Elise Najjar.