Navios Logistics arranges private debt sale

Navios Logistics arranges private debt sale

Bonds Debt Capital Markets Fixed Income Uruguay Paraguay Europe

Uruguay's Navios Logistics, an affiliate of the shipping company Navios Maritime Holdings, said it intends to price $500 million worth of bonds in a private placement on Thursday, according to a securities filing. Navios Logistics did not name the buyers, but a source involved in the deal said the bookrunners for the five-year non-call two notes are Bank of America, Morgan Stanley, Deutsche Bank and Jefferies. Navios Logistics will use the proceeds to redeem $375 million worth of its 7.25% 2022

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