June 17, 2020 |
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
Uruguayan shipping company looks to sell $500 mln to redeem old notes and repay loan