FESCO Transportation Group extended REPO loan
FESCO Transportation Group (MOEX: FESH) has signed a credit agreement to extend the REPO loan for 1 year, says FESCO.
The EUR 61.6 mln REPO loan is secured against TransContainer shares and GDRs, representing a 24.1% stake. The loan was provided in December 2014 for one year and now is extended until December 2016.
The loan has no recourse to members of the restricted group as per terms and conditions of Senior Secured Notes.