November 8, 2019
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
Brazilian port operator sells $350 mln in 12-year notes, backed by shares in the port terminal joint venture with Anglo American