Hidrovias do Brasil plots refi

hidrovia, LatAm, river, boat, ship, sipping, Navios, logistics, 575, Uruguay, Brazil
By Oliver West
26 Jan 2021

Brazilian waterway logistics services provider Hidrovias do Brasil will begin investor calls on Thursday as it looks to sell new bonds to finance a tender offer launched last week for existing bonds.

Global coordinators Itaú and JP Morgan will lead Ba3/BB rated Hidrovias’ proposed 144A/Reg S senior unsecured benchmark, with Bank of America, Morgan Stanley and Santander acting as joint bookrunners.

On January 20, the banks had launched a tender offer for the company’s $575.2m of 5.95% 2025s. 

Bondholders will be ...

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