HB RTS Successfully Refinances Debt Facilities

Utrecht, 7 May 2025 - HB RTS, the leading provider of mission-critical reusable transportation items, today announces the successful refinancing of its existing debt facilities through a new infrastructure financing package provided by AustralianSuper and Rabobank.

Following a comprehensive market sounding process, the new financing package was executed on competitive terms. The total facility amounts to EUR 145 million, with a bullet maturity of five years, and comprises a term loan, a capex facility, and a revolving credit facility. In addition, a EUR 50 million uncommitted accordion facility has been established to further support HB RTS' ambitious growth plans.

This transformative refinancing follows the acquisition of TPS Rental Systems by HB RTS in December 2024. It strengthens the company’s foundation for continued expansion within the reusable transportation solutions sector, both in the Netherlands and across Europe. The new funding will be used to further grow HB RTS’ offering across the food supply chain and other core sectors, supporting the broader industry transition away from single-use packaging towards more sustainable solutions.

HB RTS was advised on the transaction by Rothschild & Co and Allen & Overy Shearman. Freshfields acted as legal counsel to the lenders.

This refinancing provides us with a strong financial foundation to support our next phase of growth. It reflects the confidence our partners have in our strategy and allows us to continue investing in sustainable, future-proof solutions for our customers across Europe.

Bas Thuijs

CFO of HB RTS

This transaction demonstrates the appetite and capability within AustralianSuper to provide competitive, bespoke financing solutions for businesses with attractive infrastructure characteristics. We look forward to supporting the company and its future growth plans.

Nick Ward

Head of Private Credit of AustralianSuper

Rabobank is proud to support HB RTS in raising EUR 145 million in new financing in order to refinance its existing debt package. This refinancing reflects our commitment to enable innovative, sustainable solutions that deliver real impact across the returnable packaging supply chain. We are excited to contribute to the growth ambitions of HB RTS and want to thank and congratulate all parties involved.

Ruud Stegeman

Executive Director Wholesale Client Coverage at Rabobank