Evos, through Evos Finance B.V., is pleased to announce the successful completion of a EUR 950 million debt raise. This strategic move refinances a major part of Evos’s current debt facilities under existing loan conditions, achieving a more staggered, diversified, and long-term maturity profile.
The refinancing was executed with a mix of US Private Placement Notes and bank debt. As part of the process, Evos obtained an investment-grade rating, enabling the company to refinance and extend most of its outstanding debt.
This strategic refinancing underpins the long-term future of Evos, a leading liquid tank storage business, ensuring that the company can continue its successful growth and development.
Harry Deans, CEO, stated, “This is a great achievement and will help us to execute our strategy even more effectively. We are excited about the opportunities this refinancing brings to further grow, develop and evolve our business with our customers as we navigate the energy transition together.”
Koert Schouten, CFO, commented, “We are looking forward to continuing to work with our existing lenders and welcome our new financial partners. We are very excited about Evos and have now implemented a stable long-term funding base that allows the business to operate, grow, and invest in its future.”
Evos was advised on the refinancing by Evercore (financial advisor), CIBC and NAB (joint US PP agents), Latham & Watkins (legal), and the lenders were advised by Simpson Thacher & Bartlett (legal).
For more information visit www.evos.eu
