IFLR1000

Naviera Armas €300 million floating rate bond issue

21/11/2017
High-yield bond/note issue
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€ 300 million

$ 355 million

Completed

21/11/2017

Overview:

  • Naviera Armas has undertaken a €300 million floating rate bond issue.
  • The notes are due 2024.
  • Proceeds will be used for the acquisition of Trasmediterránea and to repay the target company's existing debts.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Italy

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sectors:

Transport
Logistics

Firms:
Latham & Watkins

Party: Morgan Stanley (Initial purchaser)

Lawyers: Fernando Colomina, Ignacio Pallarés, Jeffrey Lawlis, Jeffrey Lawlis

Shearman & Sterling

Party: Naviera Armas (Issuer)

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