Evos (through Evos Finance B.V.) is pleased to announce that it has successfully refinanced its outstanding debt facilities and extended these facilities to acquire 100% ownership of terminals in Amsterdam, Terneuzen, Ghent and Malta from Oiltanking GmbH and 3i Infrastructure plc. Evos is owned by investment funds managed by First Sentier Investors.
The new debt facilities amount to in total EUR 1,295 million and is a mix of new bank facilities, private placement issuances and guarantee facilities. The facilities replace the acquisition financings that were implemented when the group was formed in 2019 and extend the weighted average maturity profile of the debt.
The debt facilities have been increased to provide the company with greater financial flexibility to further pursue its growth agenda, starting with the purchase of 100% ownership of the terminals in Amsterdam, Terneuzen, Ghent and Malta that was announced on 23 September 2021 and completed today following the relevant approvals by third parties.
The financing includes a sustainability-linked loan and note with pricing dependent against the performance of Evos on its ESG metrics.
Alex Nassuphis, Director First Sentier Investors and member of the Evos Supervisory Board, said “This transaction marks a significant step for Evos and provides an excellent opportunity for the business to continue its strong growth and development. The increased scale of the platform will further improve the service offering and will facilitate the pursuit of energy transition opportunities. Furthermore, the establishment of a sustainability linked financing aligns with First Sentier’s strategic objectives to contribute across its portfolio to the UN Sustainable Development Goals.”
Koert Schouten, CFO of Evos, said “We are really happy with the successful refinancing and acquisition of the terminals in Amsterdam, Terneuzen, Ghent and Malta. We have implemented a stable funding base that allows the business to grow and invest in its future. In addition we have built long-term relationships with our lending group who support the business and our sustainability goals”.
Evos is an independent liquid bulk storage company, which operates a network of state-of-the-art tank terminals in Europe with a combined storage capacity of 6.2 million cbm. The terminals are located in the Netherlands (Amsterdam (2x), Rotterdam. Terneuzen), Belgium (Ghent), Germany (Hamburg), Malta and Spain (Algeciras). Evos was founded in 2019 and is owned by investment funds managed by First Sentier Investors, a long-term oriented infrastructure asset manager. Evos has a total headcount of 720 employees.
First Sentier Investors manages more than USD 180 billion in assets (as at 30 June 2021) on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide. The firm operates as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. First Sentier Investors’ expertise spans a range of asset classes and specialist investment sectors focused on delivering sustainable investment success based on responsible investment principles.
