Navios South American Logistics has raised $200 million in a sale of notes. The division of Navios Maritime Holdings sold the senior notes in the 144a private placement market.

The seaborne shipping and logistics company appointed Bank of America Merrill Lynch and JP Morgan as the joint bookrunning managers for the transaction. The notes carry a coupon rate of 9.25% and are due to mature on April 15, 2019, adds Reuters.

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