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Navios Maritime calls $20 million more 11¼% secured notes due 2022
By Marisa Wong
Los Angeles, Sept. 3 – Navios Maritime Holdings Inc. issued a notice of redemption for $20 million of its 11¼% senior secured notes due 2022, according to a news release.
The notes will be redeemed on Sept. 13 at par plus accrued interest to but excluding the redemption date.
The company previously redeemed $100 million of the notes on July 23. Following these redemptions, $185 million aggregate principal amount will remain outstanding.
Navios is a Monaco-based shipping company focused on dry bulk commodities including iron ore, coal and grain.
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