Navios’ $500 Million Notes Offering


Fried Frank and Pérez Alati, Grondona, Benites & Arntsen advised on the transaction

Navios South American Logistics Inc. and Navios Logistics Finance (US) Inc. , its wholly owned finance subsidiary, completed the sale of $500 million of 10.750% Senior Secured Notes due 2025. The Notes were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended , and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act.

The net proceeds from the offering of the Notes will be used to satisfy and discharge the indenture governing the Co-Issuers’ outstanding 7.25% Senior Notes due 2022, to repay all amounts outstanding under the Co-Issuers’ Term Loan B Facility and to pay certain fees and expenses related to the offering, with the balance, if any, to be used for general corporate purposes.

In US, Fried Frank advised Navios on the transaction.

In Argentina, Pérez Alati, Grondona, Benites & Arntsen advised Navios with a team including Pedro Menendez San Martin (Picture), Tomás Fernandez Madero, Juan Agustín Negri and Guido Mierovich.

Involved fees earner: Eugenio Aramburu – Pérez Alati, Grondona, Benites & Arntsen; Tomás Fernández Madero – Pérez Alati, Grondona, Benites & Arntsen; Guido Olaf Mierovich – Pérez Alati, Grondona, Benites & Arntsen; Pedro Menendez San Martin – Pérez Alati, Grondona, Benites & Arntsen; Juan Agustín Negri – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Pérez Alati, Grondona, Benites & Arntsen;

Clients: Navios South American Logistics Inc.;

Author: Ambrogio Visconti.