Navios plans private placement for logistics business

Navios plans private placement for logistics business

Debt Capital Markets Corporate & Sovereign Strategy Uruguay Europe

Navios Maritime said it plans to conduct a private placement to pay off debt from its logistics business in Uruguay. Navios will sell $483m in 18-year notes at a fixed rate of up to 7% per year with 73.8% of the principal due between 2030 and 2037,

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