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.