Prumo refinances Ferroport debt

Prumo refinances Ferroport debt

Bonds Debt Capital Markets Fixed Income Project & Infrastructure Finance Rule 144a/ RegS Brazil US Europe

Brazil's Prumo Logística has sold $350 million in 12-year notes to refinance debt from its investment in Ferroport, a joint venture with Anglo American that runs a terminal at the Port of Açu. Goldman Sachs was the sole bookrunner on the bond sale under Rule 144A/Reg S, the bank's legal advisor, Clifford Chance, said in a press release. Goldman Sachs and Clifford Chance declined to provide pricing details on the bond sale. The notes are backed by shares in Ferroport and intercompany loan payment

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