FESCO news


FESCO announces refinancing of REPO loan

On December 12, 2013, FESCO Transportation Group (MOEX: FESH) successfully completed the refinancing of the $149 million margin loan incurred by Halimeda International Limited (“REPO facility”).

The REPO facility was refinanced by a new $150 million loan, which is secured against TransContainer shares, corresponding to a 24.1% stake in TransContainer. The loan has no recourse to members of the restricted group as per terms and conditions of Senior Secured Notes.

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