Hungarian haulier secures its future
Waberer’s International has a new shareholder. The Budapest-based forwarder has completed a long-term financing agreement with the Trevelin Holding, a real estate company that belongs to the Hungarian-American Indotek Group.
The agreement, announced in November 2020, sees Trevelin acquire a 30.99% share in Waberer’s, and the latter’s financing partners continuing to provide the financing necessary to operate the group with standard marketing collaterals and covenant system conditions.
The agreement involves, inter alia, access to overdraft credit lines in the next five plus two years, to supply chain factoring and customer factoring facilities over the next three years, and to fleet financing facilities, including the extension of trailer leasing periods, for ten years. (ben)
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