Chicago, Jan. 3 – Uruguay’s ACI Airport Sudamerica, SA’s exchange offer resulted in $246 million total of new 6 7/8% senior secured guaranteed notes due 2034 (Ba1//BB+) being issued, according to a press release.
The new notes are guaranteed by parent Cerealsur SA.
In the exchange offer, $193 million of notes were issued and the company sold an additional $53 million of the same notes to two institutional investors.
The parent company manages a total of 52 airports in seven countries across Latin America and Europe.
| Issuer: | ACI Airport Sudamerica, SA
|
| Guarantor: | Cerealsur SA
|
| Amount: | $246 million
|
| Issue: | Senior secured guaranteed notes
|
| Maturity: | 2034
|
| Counsel to issuer: | Greenberg Traurig, LLP
|
| Coupon: | 6 7/8%
|
| Announcement date: | Nov. 18
|
| Ratings: | Moody’s: Ba1
|
| Fitch: BB+
|
| Distribution: | Exchange, private placement
|
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