September 22, 2017 8:49 AM ET

Marine

Company Overview of UABL S.A.

Company Overview

UABL S.A. provides barging and terminal services on the Parana-Paraguay river system. The company transports a range of commodities, such as oil, bulk and container general cargo, cement, fertilizers, fuel oil, gas oil, grain, flours and pellets, wood, and minerals. It also owns and operates a network of river terminal facilities and fleet along the Mississippi River, such as tank barges, towboats, harbor boats, dry-docks, trans loaders, and grain terminals. UABL S.A. caters to commodity shippers in Argentina, Bolivia, Brazil, Paraguay, and Uruguay. The company was founded in 2000 and is based in Buenos Aires, Argentina. As of April 23, 2004, UABL S.A. operates as a subsidiary of Ultrapetrol...

Leandro N. Alen 986 Piso 3

Buenos Aires,  C1001AAR

Argentina

Founded in 2000

Phone:

54 11 4875 1600

Fax:

54 11 4875 1610

Key Executives for UABL S.A.

Commercial Manager
Head of International Business Development
Compensation as of Fiscal Year 2017.

UABL S.A. Key Developments

Pre-Packaged Reorganization Plan Approved for Ultrapetrol (Bahamas) Limited

The US Bankruptcy Court approved the pre-packaged reorganization plan of Ultrapetrol (Bahamas) Limited on March 17, 2017. As per the approved plan, Administrative Claims of $14.80 million, Priority Tax Claims of $2.50 million, Fee Claims of $9.10 million and US Trustee Fees shall be paid full in cash. 2021 Note Claims of $257.39 million shall recover 24% of the claim, amounting to $61.77 million and will be paid in cash. IFC-OFID Loan Claims of $68.20 million shall recover 30.4% of the claim, amounting to $20.73 million and will be paid in cash. Offshore Lender Parent Claims of $164.60 million shall be cancelled and discharged. Other Secured Claims of $0.90 million shall be paid in cash. General Unsecured Claims of $13.30 million shall be fully reinstated. General Unsecured Claims (Cornamusa) shall recover 1.20% of the allowed amount and will be paid in cash. Equity Interests in River Business Holding Company Debtors and Equity Interests in Cornamusa, shall be cancelled and discharged. Equity Interests in River Business Debtors Other than Cornamusa shall be fully reinstated and Equity Interests in Parent shall be unimpaired. The plan will be funded through cash consideration, issuance of new common stock.

Pre-Packaged Reorganization Plan and Disclosure Statement Filed by Ultrapetrol (Bahamas) Limited

Ultrapetrol (Bahamas) Limited filed a prepackaged reorganization plan with related disclosure statement in the US Bankruptcy Court on February 6, 2017. As per the plan filed, Administrative Claims of $14.80 million, Priority Tax Claims of $2.50 million, Fee Claims of $9.10 million and US Trustee Fees shall be paid full in cash. 2021 Note Claims of $257.39 million shall recover 24% of the claim, amounting to $61.77 million and will be paid in cash. IFC-OFID Loan Claims of $68.20 million shall recover 30.4% of the claim, amounting to $20.73 million and will be paid in cash. Offshore Lender Parent Claims of $164.60 million shall be cancelled and discharged. Other Secured Claims of $0.90 million shall be paid in cash. General Unsecured Claims of $13.30 million shall be fully reinstated. General Unsecured Claims (Cornamusa) shall recover 1.20% of the allowed amount and will be paid in cash. Equity Interests in River Business Holding Company Debtors and Equity Interests in Cornamusa, shall be cancelled and discharged. Equity Interests in River Business Debtors Other than Cornamusa shall be fully reinstated and Equity Interests in Parent shall be unimpaired. The plan will be funded through cash consideration, issuance of new common stock.

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Recent Private Companies Transactions

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