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2014 December 16   07:39

FESCO Transportation Group refinanced REPO loan

FESCO Transportation Group has signed a credit agreement to refinance the REPO loan, the company said in its press release.
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.

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