The operation contemplates an amount of up to US$ 109 million.
Santiago, January 5, 2017. SM SAAM, multinational company that provides port services, as well as towage and logistics services in the Americas, is preparing its first ever placement of bonds on the local market.
The operation, which contemplates a total of up to 2.8 million UFs (US$109 million), will allow the Company to refinance short- and long-term liabilities, and will be led by Santander Corredores de Bolsa (Stock Brokers) and Credicorp Capital Corredores de Bolsa.
To this end, the Company registered three Series of Bonds: A (in CL$ with a 5-year maturity), B (in UFs, maturing in five years) and C (in UFs, maturing in ten years). The amount of each Series to be placed will depend on market conditions and investors’ demand.
During the current week, the Company conducted a road show with investors, which highlighted its diversification in geographic terms and in business units, its sound financial position and having the support of one of the major economic groups in the country.
SM SAAM was rated as AA-, with stable perspectives, by Risk Rating Companies Feller Rate and Humphreys.
About the Company
SAAM is a multinational company founded in Chile that provides services to international trade through its three business divisions: Port Terminals, Towage and Logistics. With 55 years of experience, it is present in 15 countries of North, Central and South America, providing employment to more than 10 thousand workers.
