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Navios plans to redeem 7¼% senior notes due 2022 at par on July 16
By Sarah Lizee
Olympia, Wash., June 16 – Navios South American Logistics Inc. and Navios Logistics Finance (US) Inc. plan to redeem all of their 7¼% senior notes due 2022 on July 16, according to a 6-K filing with the Securities and Exchange Commission.
The notes will be redeemed at par plus accrued interest up to but excluding the redemption date.
The redemption is subject to the receipt by Navios South American Logistics of proceeds from a proposed issuance of securities generating net proceeds in an amount that is sufficient to effect the redemption and repayment of amounts outstanding under the company’s $100 million term loan B facility.
Navios is a Montevideo, Uruguay-based seaborne shipping and logistics company focused on the transport of drybulk commodities.
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