Navios South American Logistics, one of the largest infrastructure and logistics companies in the Hidrovia region of South America, successfully priced a US$400 million senior secured bond due 14 July 2030 at par with interest at 8.875%.
The Bonds and the Issuer are rated B by S&P, with a positive outlook. Net proceeds will be used to refinance existing debt of the Group. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Arctic Securities acted as Sole Global Coordinator and Joint Bookrunner, Fearnley Securities acted as Joint Bookrunner and SEB acted as Co-Manager. S. Goldman Advisors LLC acted as a debt adviser.