Greek shipping and logistics company Navios has turned to Argentina’s Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h), Paraguay’s Peroni, Sosa, Tellechea, Burt & Narvaja and Uruguay’s FERRERE to issue bonds worth US$90 million.
Navios issued the 4 per cent senior notes through its Latin American holding company on identical terms as a previous US$200 million issuance from two years ago, for which the shipping and logistics company also relied upon Pérez Alati, Peroni Sosa and FERRERE, as well as additional counsel in the Marshall Islands, Panama and the US.
Navios operates vessels and barges in Argentina, a bulk transfer and storage port facility in Uruguay and an upriver liquid port facility in Paraguay. The company says its commercial activities in Latin America, rather than its operations worldwide, were of particular attraction to the institutional buyers in this issuance.