NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
26 January 2016, Moscow – Brunswick Rail Limited (the “Company”) and its subsidiaries (together the “Group”), following the refinancing of the secured facility on 18 January 2016, utilizing a sale and leaseback facility with Alfa-Leasing, announced today that OOO Brunswick Rail has utilized the second tranche of that sale and leaseback facility agreement with Alfa-Leasing, relating to 2,700 railcars, for approximately 1.6 billion RUR.
In the context of the rapidly deteriorating operating environment, as well as the unpredictability and volatility of the Russian rail industry and economy, the drawdown of the second tranche is in the best interests of the business. The second Alfa-Leasing tranche (which is without additional fees, and can be repaid at any time without penalty) will provide liquidity in the event of further market downturn.
About Brunswick Rail:
Brunswick Rail is a private railcar operating lessor providing freight railcars to large corporate clients in Russia. Established in 2004, Brunswick Rail currently owns a fleet of ca. 25.7 thousand railcars (as of 30 June 2015), which represents approximately 2% of the total Russian railcar fleet.
For enquiries, please contact:
+44 (0) 207 747 2727
+44 (0) 207 747 2724
+44 (0) 207 747 2717
+7 (495) 363 2841
These materials may contain forward-looking statements regarding future events or the future financial performance of Brunswick Rail (the “Company”). You can identify forward looking statements by terms such as “expect”, “believe”, “estimate”, “anticipate”, “intend”, “will”, “could”, “may”, or “might”, the negative of such terms or other similar expressions. These forward-looking statements include matters that are not historical facts and statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Company operates may differ materially from those described in or suggested by the forward-looking statements contained in these materials. In addition, even if the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in these materials, those results or developments may not be indicative of results or developments in future periods. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, market change in the Russian freight rail market, as well as many other risks specifically related to the Company and its operations, including those discussed in these materials.
These materials are not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"). Any securities mentioned herein have not been and will not be registered under the Securities Act, and no public offering will be made in the United States.
Richard SultanovBrunswick Rail
+7 (495) 783 6700
Контакты для СМИ
Ричард Султанов Брансвик Рейл
+7 (495) 783 6700