FESCO взяла кредит на рефинансирование долга

FESCO Takes Out Loan to Refinance Debt

  • FESCO has signed a credit agreement with VTB Bank for 25.8 bn rubles ($323 mn) to refinance the Group’s current obligations. The money will be used to repay the principal part of the Group’s debt to the bank, which amounts to $376 mn as of April 1, 2021.

    FESCO got more comfortable loan conditions with a lower interest rate, a modified currency structure, an extended principal debt maturity period, and lower monthly payments, the Group said in a statement.

    The changes in the debt agreement parameters have become possible due to the improved financial results of the Group.

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