Navios South American Logistics arranges $100 million term loan B

By Angela McDaniels

Tacoma, Wash., Oct. 23 – Navios South American Logistics Inc., a subsidiary of Navios Maritime Holdings Inc. and Navios Logistics Finance (US) Inc., priced a new $100 million four-year term loan B, according to a company news release.

The interest rate will be Libor plus 475 basis points.

Navios South American expects the financing to close on Nov. 3. The commitments and the terms of the loan remain subject to the execution of definitive documentation.

Morgan Stanley Senior Funding, Inc. acted as lead arranger and bookrunner. S. Goldman Advisors, LLC acted as manager.

Proceeds will be used to finance a dividend by Navios South American, of which Navios Maritime Holdings will receive $44.7 million, and for general corporate purposes.

Navios South American Logistics is a logistics company based in Montevideo, Uruguay. Navios Maritime Holdings is a seaborne shipping and logistics company based in Monaco.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.