Evos refinances its debt facilities to support its long-term growth strategy

Evos (through Evos Finance B.V.) is pleased to announce that it has successfully completed a EUR 950m debt raise, refinancing a major part of its current debt facilities under its 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. With these new debt facilities, Evos refinanced and extended most of its outstanding debt.

This strategic refinancing underpins the long-term future of Evos, a leading liquid tank storage business, ensuring that Evos can continue its successful growth and development of the business.

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 working 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 further information, please contact:

Communications@evos.eu

About Evos

Evos is a leading liquid energy and chemicals storage company. It operates a network of leading tank terminals in strategic locations across Europe, with a combined storage capacity of 6.4 million cbm. The terminals are located in the Netherlands (Amsterdam two facilities, Rotterdam, Terneuzen), Belgium (Ghent), Germany (Hamburg), Malta and Spain (Algeciras).

Evos was founded in 2019 and is owned by investment funds managed by Igneo Infrastructure Partners, a long-term oriented infrastructure asset manager. Evos has a total headcount of just over 700 employees.

For more information, visit evos.eu

About Igneo Infrastructure Partners

Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation/ logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management.

Igneo manages US$18.8bn worth of assets (as at 31 March 2024) on behalf of more than 200 investors around the world.

*As at 31 March 2024