Project Description
Brunswick Rail Holding Limited (“BRHL” or the “Company”) is a leasing company providing freight railcars to corporate clients in the Russian Federation. It generally provides the railcars on an operating lease basis (where the residual value of the railcars remains with BRHL). It is a wholly owned subsidiary of Brunswick Rail (“Brunswick” or the “Group”), one of the largest privately-owned freight railcar leasing companies active in the Russian Federation with a fleet of over 22,000 railcars. The Group is looking to expand its fleet to optimize its operations and achieve the critical mass it needs to thrive in the sector.
IFC has previously provided two loans to this Company and has recently provided a loan to another subsidiary of the Group (Brunswick Wagon Leasing) and has an equity stake in Brunswick.