The updated facility terms ensure that the Group maintains enough headroom and runway to fulfil its strategic plans for the coming period, increasing the facility to the equivalent of $350 million, extending its maturity and broadening and strengthening its banking group by the addition of two new partners.
Jesse Vermeijden, Peacock’s group CEO, comments: “This facility continues to be the backbone of our growth, with this latest amendment ensuring that we have enough headroom to fulfil our short-to-medium term plans, while retaining the flexibility needed to be able to adapt to rapidly evolving market conditions and respond to our clients’ needs, globally and through the cycle.”
Peacock said it is delighted to welcome Landesbank Hessen-Thüeringen Girozentrale (Helaba) and Credit Agricole Corporate and Investment Bank (CACIB) to its lender group, both of whom are experienced lenders to the space.
This confirms the continued attractiveness of the sector and its resilience. They join Peacock’s existing lenders group, which comprises ABN AMRO Bank N.V. (ABN AMRO), ING Bank N.V., Singapore Branch (ING), Clifford Capital Pte. Ltd. (Clifford Capital), Credit Industriel & Commercial, Singapore Branch (CIC) and Keybank National Association (Keybank).
Charles-Hadrien Lassalle, Peacock’s CFO adds: “We are honoured and very pleased to see Helaba and CACIB, two very experienced lenders with track record in our space, join our lenders group. This reaffirms the attractiveness of our industry while encouraging us to continue our efforts to grow the Peacock group, both quantitatively via our active fleet expansion strategy, and qualitatively, via the continuous upgrading of our global platform.
“We also would like to warmly thank our existing lenders, ABN AMRO, ING, Clifford Capital, CIC and Keybank for their continued support over the years and through this key refinancing exercise. It gives us increased visibility and headroom to fulfil our long-term plan to grow our business.”