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Brunswick Secures Loans

Brunswick Rail, a freight-leasing company operating in Russia, got $200 million in loans from the European Bank for Reconstruction and Development and commercial banks.

The financing comprises $100 million of five-year debt from a bank syndicate, and $100 million for eight years from the EBRD, the development agency said in a statement. Proceeds will be used to purchase more than 5,000 new railcars to help meet growing demand, the EBRD said. 

(Bloomberg)


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