Navios South American Logistics Inc. Announces Closing of $375 Million 7.250% Senior Notes Due 2022
April 22 2014 - 4:23PM
Marketwired
Navios South American Logistics Inc. Announces Closing of $375
Million 7.250% Senior Notes Due 2022
MONTEVIDEO, URUGUAY--(Marketwired - Apr 22, 2014) - Navios South
American Logistics Inc. ("Navios Logistics") announced that it and
Navios Logistics Finance (US) Inc., its wholly owned finance
subsidiary, completed the sale of $375 million of 7.250% senior
notes due 2022 (the "Notes"). The Notes were offered and sold in
the United States only to qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and in offshore transactions to non-United
States persons in reliance on Regulation S under the Securities
Act.
The net proceeds of this offering will be used (i) to fund its
current tender offer and consent solicitation for certain
outstanding notes and pay related fees and expenses, (ii) to
discharge and redeem any of such notes that are not purchased in
the tender offer after all conditions to the tender offer are
satisfied or waived, including the payment of any related fees and
expenses and any redemption premium, and (iii) for general
corporate purposes.
The Notes and related guarantees have not been registered under
the Securities Act or the securities laws of any other jurisdiction
and may not be offered or sold in the United States or to or for
the benefit of U.S. persons unless so registered except pursuant to
an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
securities laws in other jurisdictions. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy the Notes and the related guarantees, nor shall there be any
sale of the Notes and the related guarantees in any jurisdiction in
which such offer, solicitation or sale is unlawful. Any offer of
the Notes and related guarantees will be made only by means of a
private offering memorandum.
About Navios South American Logistics Inc.
Navios South American Logistics Inc. ("Navios Logistics") is one
of the largest logistics companies in the Hidrovia region of South
America, focusing on the Hidrovia region river system, the main
navigable river system in the region, and on cabotage trades along
the eastern coast of South America. Navios Logistics serves the
storage and marine transportation needs of its petroleum,
agricultural and mining customers through its port terminal, river
barge and coastal cabotage operations.
Forward-Looking Statements - Safe Harbor
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future
events. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words
and similar expressions are intended to identify forward-looking
statements. Such statements include comments regarding completion
of the offering. Although Navios Logistics believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of Navios
Logistics, including market conditions. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. Navios Logistics expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Navios Logistics' expectations with respect thereto or any
change in events, conditions or circumstances on which any
statement is based.
Contact: Navios South American Logistics Inc.
+1.212.906.8646 investors@navios-logistics.com
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