IMO Car Wash Ltd. to refinance its leveraged loans - Professional Carwashing & Detailing

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
Carwash.com
Helping carwash owners and operators manage and grow a thriving business
Carwash News

IMO Car Wash Ltd. to refinance its leveraged loans

LONDON ― A buyout agreement apparently could not be reached with the world’s largest carwash company and TDR Capital LLP.

Avatar
By PCD Staff
Published:

LONDON ― IMO Car Wash Ltd. is refinancing its leveraged loans in an attempt to get out of debt, according to a Bloomberg News Businessweek report.

Related Articles

The July 30 report said IMO, which is credited as the world's largest carwash company, apparently failed to reach a buyout agreement with TDR Capital LLP.

TDR had been in "exclusive talks" to buy IMO after winning a Rothschild auction, the story reported.

IMO had been taken over by its lenders in 2009 after it breached terms on its loans that were established in 2006, in which $297 (US) million was borrowed.

You May Also Like

Spark Car Wash Ledgewood hosts ribbon cutting
rinsed logo
Moleaer Inc. nanobubble technology
Carwash News

Big Dan’s Car Wash opens two new locations

ROME, Ga. — The expansion brings express carwash services to two new locations to Orlando, Florida, and Kennesaw, Georgia.

Avatar
By Kyle Alexander
Kyle Alexander is the Multimedia Journalist of Professional Carwashing & Detailing magazine.
Published:
Big Dan’s Car Wash logo

ROME, Ga. — In a press release, Big Dan’s Car Wash announced the opening of two new locations, its 19th in Orlando, Florida, and 20th in Kennesaw, Georgia.

Located at 12600 John Young Pkwy., this expansion is the company’s second site in Orlando.

Their third Orlando site is expected to open at the end of May.

Read Full Article

More Carwash News Posts
Amplify advises Whistle Express’ Ohio expansion

SCOTTSDALE, Ariz. — The acquisition of five Rainforest Car Washes doubled Whistle Express’ footprint in the Cleveland-Akron market.

By Kyle Alexander
Amplify advises nine unit acquisition by Sparkle Express Car Wash

SCOTTSDALE, Ariz. — Fuller’s Car Wash, Clean Getaway and Splish Splash Car Wash joining forces with Sparkle Express Car Wash.

By Kyle Alexander
Arkansas softball star highlighted in ZIPS Car Wash Convos™

FAYETTEVILLE, Ark. — Hannah Camenzind shares stories about pranks with her twin sister, her take on Bogle Park and more in her episode.

By Kyle Alexander
Arkansas softball star highlighted in ZIPS Car Wash Convos™
OPW announces Dover Scholars Program winners

HAMILTON, Ohio — This prestigious scholarship, part of the Dover Foundation, supports students as they pursue higher education.

By Kyle Alexander
OPW announces Dover Scholars Program winners

Other Posts

Vizza Wash, LP acquires and rebrands Wet-N-Jet

SAN ANTONIO — Rebranded as The Car Wash Express, the company promises unparalleled convenience and customer satisfaction.

By Kyle Alexander
Vizza Wash, LP acquires and rebrands Wet-N-Jet
PRT launches 30 new products on Complete Strut Assemblies

BUFORD, Ga. — The new items represent more than 10 million vehicles in new coverage and come to expand the PRT portfolio in the North American aftermarket.

By Kyle Alexander
PRT launches 30 New Products on Complete Strut Assemblies
Greenhill Car Wash opens its sixth Delaware location

GEORGETOWN, Del. — The new carwash features a tunnel wash with a ‘Dry and Shine’ finish and free vacuums for customers.

By Kyle Alexander
California car detailer making waves on TikTok

HUNTINGTON BEACH, Calif. — Jessica Tran, a California car detailer, skyrocketed to fame on TikTok, amassing over 1.7 million followers.

By Kyle Alexander