Navios South American Logistics Inc. Announces Pricing of $375 Million 7.25%
Senior Notes Due 2022
MONTEVIDEO, URUGUAY -- (Marketwired) -- 04/08/14 -- Navios South
American Logistics Inc. ("Navios Logistics" or the "Company")
announced today that the Company and Navios Logistics Finance (US)
Inc., its wholly owned finance subsidiary priced $375 million of
7.25% 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 sale of the Notes is expected to be consummated on April 22,
2014, subject to customary closing conditions.
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
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 and
Logistics' subsidiaries. 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.
Navios South American Logistics Inc.
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