Company Overview of Naviera Armas, S.A.
Naviera Armas, S.A. provides shipping services in the Canary Islands. The company operates a fleet of Ro-Pax vessels to transport passengers and freight. Its on board services include reception; shop that sells duty free tobacco products, perfumes, press, sweets, and presents; and restaurants/bars, outside areas, nurseries, panoramic terraces, accessible WC, accommodation on board, payments, televisions, WIFI service, on-board GSM, on-board entertainment, and cages for pets. The company also provides a comprehensive and direct service for various types of home, car, life, and pension and retirement insurance policies. The company was founded in 1941 and is based in Las Palmas de Gran Canaria...
Calle Juan Dominguez Perez, nº 2
Las Palmas de Gran Canaria, 35008
Founded in 1941
Key Executives for Naviera Armas, S.A.
Compensation as of Fiscal Year 2017.
Naviera Armas, S.A. Key Developments
Naviera Armas, S.A. Announces Pricing of €300,000,000 Floating Rate Senior Secured Notes Due 2024
Nov 13 17
Naviera Armas, S.A. announced the pricing of €300,000,000 in aggregate principal amount of floating rate senior secured notes due 2024 offered to certain investors in accordance with Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. The Notes are expected to be issued on or about November 17, 2017. The Notes will be issued under an indenture dated as of November 17, 2017, among, inter alios, the Issuer Citibank, N.A., London Branch, as trustee and security agent (the ‘Indenture’). The Notes will have substantially similar terms and conditions as the notes existing pursuant to an indenture dated July 29, 2017, among, inter alios, the Issuer, Bahía de las Isletas, S.L. and Citibank, N.A., London Branch, as trustee and security agent. The Notes will be listed on the Official List of the Irish Stock Exchange. The Issuer will use the proceeds of the offering of the Notes to fund the acquisition of Trasmediterránea S.A., refinance part of the existing debt of Trasmediterránea and pay related fees and expenses. On the issue date, the proceeds will be deposited into a segregated escrow account in the name of the Issuer but controlled by Citibank, N.A., London Branch, as escrow agent, and pledged in favor of the Trustee on behalf of the holders of the Notes pending, among other conditions, satisfaction of conditions related to the consummation of the Acquisition.
Naviera Armas, S.A. Announces Operating Performance for the Eleven Months Ended November 30, 2016 and Preliminary Financial Performance for the Eleven and Twelve Months Ended November 30, 2016
Feb 27 17
Naviera Armas, S.A. announced operating performance for the eleven months ended November 30, 2016 and preliminary financial performance for the eleven and twelve months ended November 30, 2016. During the eleven months, the Group transported approximately 2,192,000 passengers, representing a growth of 1.1% compared to the same period in 2015.
For the eleven months, in terms of revenues, preliminary estimates show a growth of 2.9%, as compared to the same period in 2015, with 157.0 million in revenues recorded for the eleven month period ended November 30, 2016. In terms of EBITDA, preliminary estimates show a growth of 16.2% during the eleven month period ended November 30, 2016, as compared to the same period in 2015, with 56.0 million in EBITDA recorded for the eleven month period ended November 30, 2016.
For the last twelve months ended November 30, 2016, the Group had revenue of 169.6 million. The performance across the different markets in which the Group operates is in line with figures reported for the nine month period ended September 30, 2016. The Group had EBITDA of 58.9 million and an EBITDA margin of 34.7%.
Naviera Armas, S.A. Announces Pricing of Additional €50,000,000 of Floating Rate Senior Secured Notes Due 2023
Feb 27 17
Naviera Armas, S.A., a subsidiary of Bahía de las Isletas, S.L. (Parent Guarantor) announced the pricing of an additional €50,000,000 of its Floating rate senior secured notes due 2023 offered to certain investors pursuant to a private placement outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities Act of 1933. The notes are expected to be issued on or about March 6, 2017. The notes will be issued under the indenture dated as of July 29, 2016, the issuer, the Parent Guarantor, the subsidiary guarantors referred to therein and Citibank, N.A., London Branch as trustee and as security agent and constitute a further issuance of the issuer's €232,000,000 floating rate senior secured notes due 2023 issued on July 29, 2016.
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