Navios Maritime chips away at 11¼% notes, calls another $10 million

Chicago, Oct. 1 – Navios Maritime Holdings Inc. continues to reduce the outstanding principal amount of notes on its issue of 11¼% senior secured notes due 2022, according to a press release.

Continuing a pattern of early redemptions, the company has called $10 million more of the notes for redemption on Oct. 11.

The notes will be repurchased at par plus accrued interest to the redemption date.

After the redemption, there will be $155 million of the notes outstanding.

Navios is a Monaco-based shipping company focused on dry bulk commodities, including iron ore, coal and grain.

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