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Navios South American to repay term loan facility with new notes
By Rebecca Melvin
New York, June 16 – Navios South American Logistics Inc. and Navios Logistics Finance (US) Inc. plan to repay all amounts outstanding under a term loan B facility with proceeds of a new note issue, according to a company release.
The company plans to market $500 million of senior notes due 2025. The proceeds will also be used to redeem all of their 7¼% senior notes due 2022 on July 16 and to pay fees and expenses related to the offering with the balance to be used for general corporate purposes.
Navios is a Montevideo, Uruguay-based seaborne shipping and logistics company focused on the transport of drybulk commodities.
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