OREANDA-NEWS. Brunswick Rail Limited (the "Company") and its subsidiaries (together the "Group"), Russia's leading privately owned freight railcar operating lessor, today published its audited interim condensed consolidated financial information for the six months ended 30 June 2015.

As previously disclosed in late 2015, the Group experienced a delay in the issuance of the auditor's review report on the Company's H1 unaudited financial statements due to breaches of certain financial and non-financial covenants, representations and warranties under its syndicated loan facility. Now, the Group has addressed these issues through the full and voluntary early repayment of the Company's syndicated loan facility on 18 January 2016. The repayment of RUR 4 billion consisted of RUR 2.3 billion of financing under the sale and leaseback facility and also the Company's own cash of approximately RUR 1.7 billion.

Paul Ostling, CEO of Brunswick Rail, commented:

"While the recently announced refinancing of our syndicated loan facilities resolves several near term issues, Brunswick Rail continues to operate in an extremely challenging industry environment brought about by a market-wide decline in lease rates and the impact of the Rouble devaluation. We remain committed to carrying out a strategic review of our capital structure to bring it in line with the fundamental changes our business model has undergone over the last two years."

The audited interim condensed consolidated financial information for H1 2015 can be found on the Brunswick Rail website in the investor relations section under 'Company Presentations'.