The EBRD is considering providing a senior loan to FESCO as part of the overall restructuring of its corporate balance sheet.
The transition impact of the proposed investment is derived through its support and strengthening of the private sector. The Project will have a strong demonstration effect in terms of effective restructuring: the proposed financing will allow the Company to implement a detailed restructuring plan developed in response to the challenging market conditions.
The client:
Far Eastern Shipping Company OAO.
EBRD finance:
USD 100 million senior loan as part of a corporate balance sheet restructuring plan alongside other lenders.
Total project cost:
USD 465 million.
Issuer profile: Transportation Group FESCO is a major national transportation operator incorporating sea, railway and automobile transportation opportunities.
