Chicago, Nov. 8 – Prumo Participacoes e Investimentos SA (Prumopar) priced $350 million of 7½% notes due 2031, according to a press release.
The Rule 144A and Regulation S notes will be used to refinance debt in connection with the company’s existing investment in Ferroport Logística Comercial Exportadora SA (Ferroport). Proceeds from a Brazilian debenture bridge issuance will also be used for the refinancing.
Goldman Sachs acted as bookrunner and sole coordinator.
Ferroport is a logistics and supply chain company based out of Rio de Janeiro that owns and operates the iron ore terminal located at the Port of Acu, a fully private operational port in Brazil.
| Issuer: | Prumo Participacoes e Investimentos SA
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| Issuer: | Notes
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| Amount: | $350 million
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| Maturity: | 2031
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| Coupon: | 7½%
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| Bookrunner: | Goldman Sachs
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| Rating: | Fitch: BB
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| Distribution: | Rule 144A and Regulation S
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