FESCO Transportation Group refinanced REPO loan

16 December 2014
FESCO Transportation Group (MOEX: FESH) has signed a credit agreement to refinance the REPO loan.

The new EUR 72.9 mln loan is secured against TransContainer shares, corresponding to a 24.1% stake in TransContainer. The loan is provided for one year. The loan has no recourse to members of the restricted group as per terms and conditions of Senior Secured Notes.