Munich, Germany, October 17, 2024 – IFCO, a global leader in reusable packaging solutions for fresh food, has successfully reduced its interest margin by 0.25% following the repricing of its €1.64 billion Term Loan B earlier this year. This strategic move provides IFCO with enhanced capacity to continue to invest in future growth and expand its market presence.

In February 2024, IFCO successfully refinanced the Term Loan B in an Amend and Extend transaction ahead of schedule. The volume increased to EUR 1,640 million and the Revolving Credit Facility to EUR 310 million. The Term Loan B received a term until 2029 and was equipped with an interest margin of 4.0 percent p.a. Following the recent repricing, the margin has now been reduced to 3.75%, reflecting the company’s strong performance and deleveraging capabilities. This reduction also demonstrates strong confidence from lenders in IFCO’s business model and future growth trajectory.

IFCO anticipates robust growth, meeting increased market demand for sustainable packaging solutions through customer acquisitions in Europe and North America, as well as organic expansion across Asia. Ongoing operating cost containment measures will further support IFCO’s sustainable growth strategy by delivering unrivalled value to its customers.