FESCO announces refinancing of REPO loan

19 December 2013
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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Information message
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Information message
Following decision of Khamovnichesky District Court of the city of Moscow and in response to numerous appeals from mass media, customers and partners FESCO Transportation Group (“FESCO”, the “Group”) deems it necessary to inform of the following.
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