18 January 2016
Brunswick Rail announces refinancing of the secured facility
18 January 2016, Moscow – Brunswick Rail Limited (the “Company”) and its subsidiaries (together the “Group”) announced today that it is undertaking a refinancing of its syndicated facility in the principal approximate amount of RUR 4 billion.
4 January 2016
Brunswick Rail announces strategic review of the capital structure and potential refinancing of the secured facility
4 January 2016, Moscow – Brunswick Rail Limited (the “Company”), and its subsidiaries (together the “Group”) announced today that it is undertaking a strategic review of the Group’s capital structure in light of continuing deterioration in the Company’s operating environment due to a market wide decline in lease rates and the impact of Rouble devaluation which has caused many of the Company’s clients to transition away from US dollar based contracts.
30 November 2015
Brunswick Rail announces 9m 2015 interim results
30 November 2015, Moscow – Brunswick Rail Limited, Russia’s leading privately owned freight railcar operating lessor, announces its interim results for the nine months ended 30 September 2015.
11 November 2015
Russian Rail Freight Market Overview, August 2015
In August 2015, freight volumes were at 105.2 mln tonnes (down 0.6% or -0.6 mln tonnes year-on-year), while freight turnover (excluding empty runs) was at 178.5 bln tonne-kilometres (up 2.4% or 4.2 bln tonne-kilometres).
12 October 2015
Brunswick Rail seeks waiver from secured facility lenders; provides update on internal review
12 October 2015, Moscow – Brunswick Rail announces that in the course of its internal review, as referred to in the Company’s press release dated 30 September, the Board learned for the first time that a small number (less than 3%) of the 3,398 railcars that are collateral under the Company’s RUB 8bn secured facility agreement dated 22 July 2014 (the Secured Facility Agreement) were used in Crimea by the Company’s customers causing the Company to breach certain representations and warranties contained in the Secured Facility Agreement.