Navios South American Logistics Inc. Announces Expiration of Consent Payment Deadline in Tender Offer for Its 9 1/4% Senior

Navios South American Logistics Inc. Announces Expiration of Consent Payment 
Deadline in Tender Offer for Its 9 1/4% Senior Notes Due 2019
and Redemption of Any Notes Remaining Outstanding After Tender Offer 
MONTEVIDEO, URUGUAY -- (Marketwired) -- 04/22/14 --  Navios South
American Logistics Inc. ("Navios Logistics") announced today that the
consent payment deadline expired on April 21, 2014 under the
previously announced cash tender offer (the "Tender Offer") of Navios
Logistics and its wholly-owned subsidiary, Navios Logistics Finance
(US) Inc. (together with Navios Logistics, the "Co-Issuers") for any
and all of their outstanding 9 1/4% Senior Notes due 2019 (the "2019
Notes") and consent solicitation to eliminate or modify most of the
restrictive covenants and certain events of default and make other
changes to provisions contained in the indenture governing the 2019
Notes (the "Consent Solicitation" and, together with the Tender
Offer, the "Offer"). 
On April 22, 2014, the Co-Issuers accepted for payment, and paid for,
all 2019 Notes validly tendered and not validly withdrawn prior to
the consent payment deadline, comprising $283,405,000.00 in aggregate
principal amount (representing approximately 97.73%) of the
outstanding 2019 Notes. Pursuant to the Consent Solicitation, the
Co-Issuers received the requisite consents to amend, and have
executed a supplemental indenture to, the indenture governing the
2019 Notes. After the purchase by the Co-Issuers of all 2019 Notes
validly tendered and not validly withdrawn prior to the consent
payment deadline, $6,595,000.00 in aggregate principal amount of 2019
Notes remains outstanding. 
Any 2019 Notes validly tendered after the consent payment deadline
but before the expiration of the Tender Offer will be eligible to
receive the Tender Offer consideration of $1,046.37 per $1,000
principal amount of 2019 Notes, plus accrued and unpaid interest to,
but not including, the final payment date for the tendered 2019
Notes, but not the consent payment. The Tender Offer remains open and
is scheduled to expire at 12:00 midnight, New York City time, on May
5, 2014, unless extended by the Co-Issuers (the "Expiration Time").
Other than as required by applicable law, tendered 2019 Notes may not
be withdrawn. The Co-Issuers currently expect to have a final payment
date promptly following the Expiration Time for any 2019 Notes
tendered after the consent payment deadline. 
The terms of the Offer are described in the Co-Issuers' Offer to
Purchase and Consent Solicitation Statement dated April 8, 2014 (the
"Offer to Purchase"). 
The Co-Issuers also announced that they will redeem for cash, on May
22, 2014, all 2019 Notes that remain outstanding after completion of
the Tender Offer, at a redemption price of $1,069.38 per $1,000
principal amount of 2019 Notes, plus accrued and unpaid interest to,
but not including, that redemption date. An official notice of
redemption is being distributed to holders of the 2019 Notes
commencing on April 22, 2014. 
The Co-Issuers have engaged Morgan Stanley & Co. LLC to act as dealer
manager and solicitation agent in connection with the Offer. The
Co-Issuers have engaged D. F. King & Co., Inc. to act as information
agent and tender agent in connection with the Offer. Questions
regarding the Offer may be directed to Morgan Stanley & Co. LLC, at
(800) 624-1808 (toll-free) or (212) 761-1057 (collect). Requests for
documentation relating to the Offer may be directed to D. F. King &
Co., Inc., at (800) 769-4414 (toll-free) or (212) 269-5550 (collect). 
None of the Co-Issuers, D. F. King & Co., Inc., the dealer manager or
the 2019 Notes trustee is making any recommendation as to whether
holders should tender the 2019 Notes in response to the Offer. 
This press release is for informational purposes only and is not an
offer to purchase, a solicitation of an offer to purchase or a
solicitation of consent with respect to any securities. The Offer is
being made solely pursuant to the Offer to Purchase and the related
Letter of Transmittal and Consent, which sets forth the complete
terms of the Offer. The Offer is not being made to holders of 2019
Notes in any jurisdiction in which the making of, or acceptance of,
the Offer would not be in compliance with the laws of such
jurisdiction. 
About Navios South American Logistics Inc. 
Navios South American Logistics Inc. 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 of 1933, as amended, 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 statements
related to the Offer, including the Expiration Time, possible
completion of the Offer and the redemption of the 2019 Notes, as well
as comments regarding expected revenues and time charters. 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.
+1.212.906.8643
investors@navios-logistics.com 
 
 
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