PROJECT

Projects

Summary of Investment Information

Project Number

32872

Company Name

BRUNSWICK RAIL FINANCE LIMITED

Date SPI Disclosed

Oct 30, 2012

Country

Russian Federation

Region

Europe

Projected Board Date

Oct 18, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Oct 23, 2012
Signed : Oct 25, 2012
Invested : Nov 1, 2012

Sector

Rail Transportation

Project Description

Brunswick Rail (“Brunswick” or the “Group”) is a Bermudian holding company which provides freight railcars to corporate clients in the Russian Federation primarily on an operating lease basis via its railcar owning subsidiaries. Brunswick is 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 an equity stake in Brunswick and has provided loans to several of its subsidiaries, inclusive of OOO Brunswick Rail Leasing, OOO Brunswick Rail Service, Brunswick Rail Holding Limited, and Brunswick Wagon Leasing.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation