Navios Maritime Holdings Inc. Announces Satisfaction and Discharge of Indenture Governing 11.25% Senior Secured Notes due 2022

Rhea-AI Summary

Navios Maritime Holdings (NYSE: NM) announced on August 12, 2022, that it has fulfilled its obligations under the indenture for its 11.25% Senior Secured Notes due 2022. The outstanding notes will be repaid by August 15, 2022. The company specializes in the transportation of dry bulk commodities, including iron ore, coal, and grain.

Positive

• Fulfilled obligations under 11.25% Senior Secured Notes, indicating solid financial management.
• Timely repayment planned for August 15, 2022, suggesting strong liquidity.

Negative

• None.

GRAND CAYMAN, Cayman Islands, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), a global seaborne shipping and logistics company, announced today that on August 11, 2022, the Company satisfied and discharged its obligations under the indenture governing its 11.25% Senior Secured Notes due 2022 (the “Notes”). The outstanding Notes will be repaid on their maturity date, which is August 15, 2022.

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 are the recent developments for Navios Maritime Holdings (NM) as of August 11, 2022?

Navios Maritime Holdings announced that it satisfied its obligations for the 11.25% Senior Secured Notes due 2022 and plans to repay the outstanding notes by August 15, 2022.

When will Navios Maritime Holdings (NM) repay its Senior Secured Notes?

The repayment of the outstanding Senior Secured Notes is scheduled for August 15, 2022.

What is the significance of Navios Maritime Holdings fulfilling its note obligations?

Fulfilling its note obligations indicates Navios Maritime Holdings' solid financial management and readiness to meet its debt commitments.