Brunswick Rail has announced that it is undertaking a refinancing of its syndicated facility in the principal approximate amount of RUR 4 billion (USD 51 million)
Thus, Brunswick Rail and Alfa-Leasing signed a term sheet for the provision of up to RUR 4 billion of financing pursuant to two new sale and leaseback facilities.
Brunswick Rail entered into the first agreement with Alfa-Leasing for the provision of approximately RUR 2.3 billion (USD 29.3 million) of financing under a sale and leaseback facility in relation to 3,398 railcars which were previously subject to pledge under the syndicated facility. Brunswick Rail plans to enter into the second sale and leaseback facility agreement with Alfa-Leasing relating to 2,700 railcars, for approximately RUR 1.7 billion (USD 21.66 million) and will determine at a future date whether it will utilize that facility.
Share on:
