Navios raises $500 mln in private offering

Navios raises $500 mln in private offering

Debt Bonds Capital Markets Corporate & Sovereign Strategy Fixed Income Loans Uruguay

Uruguay's Navios Logistics, an affiliate of the shipping company Navios Maritime Holdings, said Wednesday that it sold $500 million worth of five-year notes through a private offering with unnamed investors. The new 2025 notes priced with a coupon of 10.75%, the company said in a securities filing. It added that it expects to settle the transaction on July 8. The bookrunners for the five-year non-call two notes were Bank of America, Morgan Stanley, Deutsche Bank and Jefferies, according to a sou

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