Successful Amend and Extend Refinancing by IFCO

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by replacing single-use packaging and significantly reducing CO2 emissions, solid waste, and food waste.

Continuous development of IFCO customer solutions

Always focused on the needs of its customers, IFCO is constantly developing new reusable packaging solutions. The company already offers a wide range of reusable packaging containers for the transportation of fresh fruits and vegetables, meat, fish, bakery products, or eggs. Recently, IFCO has expanded its offering to include a reusable plastic pallet specifically designed for RPC compatibility. This pallet is 25% lighter than conventional wooden pallets, significantly reducing transportation costs and associated carbon emissions.

"We have successfully used the favorable market environment to optimize our maturity profile at very attractive terms with the early refinancing. This enables us to further drive the growth of IFCO and continue to develop innovative, digital, and sustainable solutions for food transportation in the future. We look forward to supporting our customers in their commitment toward accelerating the shift to sustainable supply chains," explains IFCO CFO Dr. Julian zu Putlitz.

"All three rating agencies view the transaction positively, thus confirming our financing strategy. Despite the higher loan volume, the ratings have not changed, and the outlooks remain stable," says Nils Ostendorf, IFCO Director Global Treasury.

"We, at Triton, believe that companies play a vital role in a more sustainable society. IFCO is a prime example of a company that promotes a circular economy. This very successful financial transaction is further evidence of the right portfolio strategy," says Martin Fikus, Investment Advisory Professional at Triton Partners.

About IFCO
IFCO is the leading global provider of reusable packaging solutions for fresh foods, serving customers in 50+ countries. IFCO operates a pool of over 380 million Reusable Packaging Containers (RPCs) globally, which are used for 2 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year. IFCO RPCs ensure a better fresh food supply chain by protecting freshness and quality and lowering costs, food waste and environmental impact compared to single-use packaging. More: www.ifco.com | Follow us on LinkedIn @IFCO SYSTEMS

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