FESCO announces refinancing of REPO loan

19 December
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.

Related materials

FESCO uses cookies developed by our specialists and third parties to analyze the website traffic and to improve our services and interaction with users. By continuing to browse the site, you are agreeing to our use of cookies. You will find more detailed information in our Privacy Policy