SOURCE: Navios South American Logistics

Navios South American Logistics

August 06, 2013 16:10 ET

Navios South American Logistics Inc. Completes Exchange Offer for Its 9 1/4% Senior Notes Due 2019

MONTEVIDEO, URUGUAY--(Marketwired - Aug 6, 2013) - Navios South American Logistics Inc. ("Navios Logistics" or the "Company") announced today that the Company and Navios Logistics Finance (US) Inc., its wholly owned finance subsidiary, closed its offer to exchange up to U.S. $90.0 million of its outstanding 9 1/4% senior notes due 2019 (the "Outstanding Notes") for a like principal amount of its 9 1/4% senior notes due 2019 (the "Exchange Notes") which have been registered under the Securities Act of 1933, as amended (the "Securities Act"). An aggregate of $90,000,000 in principal amount, or 100%, of the Outstanding Notes were tendered in the exchange offer, which expired at 5:00 p.m., New York City time, on August 1, 2013. The registered exchange offer fulfilled the Company's obligations regarding the registration of its Outstanding Notes pursuant to a registration rights agreement entered into by the Company in connection with the sale of the Outstanding Notes in a private placement that closed on March 12, 2013.

The terms of the Exchange Notes are substantially identical to those of the Outstanding Notes, except that the Exchange Notes will not have securities law transfer restrictions and are not entitled to certain registration rights relating to the Outstanding Notes, and the Exchange Notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer. The Exchange Notes will have the same CUSIP number as nearly all of the Company's $200.0 million 9 1/4% Senior Notes due 2019, initially issued on April 12, 2011.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities. The exchange offer was made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About Navios South American Logistics Inc.

Navios South American Logistics Inc. ("Navios Logistics") 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, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios Logistics' subsidiaries. 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 comments regarding completion of the offering. 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.

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