Navios Maritime Holdings Inc. Announces Redemption of $25.0 Million of 11.25% Senior Secured Notes due 2022
Navios Maritime Holdings (NYSE: NM) announced a notice of redemption for $25 million of its 11.25% Senior Secured Notes due 2022, scheduled for May 17, 2022. The redemption will occur at 100% of the principal amount, plus accrued interest. After the redemption, $105 million in Notes will remain outstanding, reflecting the company's ongoing efforts to manage its financial obligations effectively. This strategic move aims to enhance liquidity and streamline its debt structure.
- Redemption of $25 million in Senior Secured Notes improves liquidity.
- Reduction of outstanding Notes to $105 million may streamline debt management.
- None.
GRAND CAYMAN, Cayman Islands, May 06, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), a global seaborne shipping and logistics company, announced that on May 6, 2022, the Company issued a notice of redemption with respect to an aggregate principal amount of
After this redemption,
About Navios Holdings
Navios Maritime Holdings Inc. (NYSE: NM) is a global seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities including iron ore, coal and grain. For more information about Navios Holdings, please visit our website: www.navios.com.
Forward Looking Statements – Safe Harbor
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Holdings at the time these statements were made. Although Navios Holdings believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Holdings. Actual results may differ materially from those expressed or implied by such forward-looking statements. Navios Holdings expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Holdings' expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Holdings makes no prediction or statement about the performance of its common stock or debt securities.
Contact:
Navios Maritime Holdings Inc.
+1-345-232-3067
+1-212-906-8643
investors@navios.com
FAQ
What percentage of Navios Holdings' Senior Secured Notes are being redeemed?
When is the redemption date for the Senior Secured Notes of Navios Holdings?
How much in Senior Secured Notes will remain outstanding after the redemption?
What is the total principal amount of the Senior Secured Notes issued by Navios Holdings?
