Navios Maritime calls another $10 million of its 11¼% notes

By Mary-Katherine Stinson

Lexington, Ky., June 30 – Navios Maritime Holdings Inc. will again reduce the outstanding principal amount of its 11¼% senior secured notes due 2022, according to a press release.

The company announced the upcoming redemption of $10 million of the notes.

The notes will be repurchased at par plus accrued interest to the redemption date of July 10.

After the redemption, there will be $80 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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