BRIEF-Log In implements restructuring of bank financing

martes 2 de agosto de 2016 09:40 GYT

Aug 2 (Reuters) - Log In Logistica Intermodal SA :

* Said on Monday that it signed instruments, necessary for restructuring of the bank financing of 426 million Brazilian reais ($130.9 million) that the company and its unit TVV - Terminal Vila Velha SA had obtained from Banco do Brasil SA, Banco Santander (Brasil) SA, Itau Unibanco SA and HSBC Bank Brasil SA - Banco Multiplo

* Restructuring in accordance with previously signed agreements that were made public on May 6

* Financing will have 60 months of maturity, 24 months of the grace period for the principal amount, 80 percent to be paid in 36 monthly instalments after the grace period and 20 percent to be paid in the 60th month

* Financing will be guarantied by 49.9 percent TVV's shares of Log-In's ownership

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($1 = 3.2536 Brazilian reais) (Gdynia Newsroom)