DGAP-News: Far Eastern Shipping Company: FESCO launches senior secured notes offering
(firmenpresse) - EquityStory.RS, LLC-News: Far Eastern Shipping Company / Key word(s):
Miscellaneous
Far Eastern Shipping Company: FESCO launches senior secured notes
offering
15.04.2013 / 14:40
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THE
UNITED STATES OF AMERICA OR TO U.S. PERSONS OR IN AUSTRALIA, CANADA, JAPAN,
THE RUSSIAN FEDERATION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE
UNLAWFUL
April 15, 2013
FESCO launches senior secured notes offering
Far-Eastern Shipping Company plc ('FESCO', and together with its
consolidated subsidiaries, the 'Group'), one of the leading transportation
and logistics companies in Russia with operations in the ports, rail,
integrated logistics and shipping businesses, announces today that its
indirect wholly owned subsidiary Far East Capital Limited S.A. is expected
to launch an offering of senior secured notes, subject to market
conditions. The notes will be guaranteed on a senior secured basis by
certain subsidiaries and parent companies of FESCO. Net proceeds will be
used to repay outstanding debt of the Group
This announcement is not for distribution, directly or indirectly, in or
into the United States (including its territories and possessions, any
State of the United States and the District of Columbia). This announcement
is not an offer or solicitation to purchase or subscribe for securities in
the United States. Securities may not be offered or sold in the United
States, or to, or for the account or benefit of, U.S. persons (as such term
is defined under Regulation S under the U.S. Securities Act of 1933, as
amended (the 'Securities Act'), absent registration with the United States
Securities and Exchange Commission or an exemption from registration under
the Securities Act. The Group has not registered and does not intend to
register any part of the offering in the United States or to conduct a
public offering of securities in the United States.
This announcement is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons in (i), (ii) and (iii) above together being referred to as
'relevant persons'). Any securities described herein are only available to,
and any invitation, offer or agreement to subscribe, purchase or otherwise
acquire such securities will be engaged in only with, relevant persons. Any
person who is not a relevant person should not act or rely on this document
or any of its contents.
In member states of the European Economic Area, this announcement is
directed only at persons who are 'qualified investors' within the meaning
of article 2(1)(e) of Directive 2003/71/EC (the 'Prospectus Directive')
('Qualified Investors'). This announcement is an advertisement and not a
prospectus for the purposes of applicable measures implementing the
Prospectus Directive.
In connection with the offer or sale of the securities referred to herein,
Goldman Sachs International may over-allot the securities or effect
transactions with a view to supporting the market price of the securities
at a level higher than that which otherwise prevail. Any stabilisation
action or over-allotment will be conducted by Goldman Sachs International
in accordance with all applicable laws and rules.
Information contained in this document is not an offer, or an invitation to
make offers, sell, purchase, exchange or transfer any securities in Russia
or to or for the benefit of any Russian person, and does not constitute an
advertisement of any securities in Russia. This information must not be
passed on to third parties or otherwise be made publicly available in
Russia. The securities have not been and will not be registered in Russia
or admitted to 'placement' and/or 'public circulation' in Russia. The
securities are not intended for 'placement' or 'circulation' in Russia
except and to the extent permitted by Russian law.
About FESCO
FESCO is one of the largest Russian port owners and operators with
integrated rail and logistics businesses and primarily focused on
intermodal deliveries of containerized cargo. The Group owns port, rail and
shipping assets, which allow it to provide door-to-door logistics solutions
and control almost all steps of the intermodal transportation value chain.
The majority of FESCO's operations are located in the Russian Far East and
the Group benefits from growing trade volumes between Russia and Asian
countries.
FESCO controls the Commercial Port of Vladivostok, which has throughput
capacity of 3.9 million tons for general cargo and oil products, 150,000
vehicles and over 600,000 TEUs in containers. FESCO is one of Russia's top
10 private railcar operators providing services under the Transgarant
(100%) and Russkaya Troika (50% JV with Russian Railways) brands.
Transgarant has approximately 16,200 units of rolling stock comprising of
12 different types of railcars, and Russkaya Troika has approximately 1,570
fitting platforms. FESCO operates a container park of over 35,000
containers with total capacity of over 56,000 TEUs. FESCO also has 26 ships
mostly deployed through own line and logistics operations.
End of Corporate News
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Datum: 15.04.2013 - 14:40 Uhr
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