FESCO Transportation Group (MOEX: FESH) announces that on September 30, 2014 the Group has signed an agreement with Sberbank to open RUB 2.4 bln / 3 years revolving credit facility on market terms.
The facility will be used to reinforce the strong liquidity position of the Group and will be used to finance the current operations. The facility is fully compliant with terms and conditions of USD 550m Senior Secured Notes due 2018 and USD 325m Senior Secured Notes due 2020.