Navios South American Logistics has raised $500m to square away millions of dollars in debt due 2022, but it's going to cost the Navios Maritime Holdings subsidiary.
Logistics Finance, a subsidiary of Navios South American Logistics, has issued the senior secured notes with a 10.75% coupon rate and a 2025 maturity date.
The net proceeds from the private offering will be used to pay off $325m in outstanding 7.25%
