Navios Maritime Holdings Inc. Confirms Expiration Time of the Exchange Offer
April 17 2017 - 8:56AM
Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”)
(NYSE:NM) previously launched an exchange offer (the “Exchange
Offer”) to exchange newly issued shares of Common Stock of Navios
Holdings, for any and all of its outstanding American Depositary
Shares, each representing 1/100th of a share of either 8.75% Series
G Cumulative Redeemable Perpetual Preferred Stock (the “Series G
ADSs”), or 8.625% Series H Cumulative Redeemable Perpetual
Preferred Stock (the “Series H ADSs”).
Exchange Offer Expiration
The Company today announced that it does not intend to extend
the Expiration Date of the Exchange Offer past 11:59 p.m., New York
time, on April 18, 2017 (the “Expiration Date”). Holders who wish
to tender their Series G ADSs and Series H ADSs must deliver, or
cause to be delivered, and not withdraw their ADSs and other
required documents to the exchange agent prior to the Expiration
Date.
Complete Terms and Conditions
Georgeson LLC is acting as the Information Agent for the
Exchange Offer.
Bank of New York Mellon is acting as the Exchange Agent and
Depository for the Exchange Offer.
The complete terms and conditions of the Exchange Offer are set
forth in the offers to exchange and related letters of transmittal
that were previously sent to holders of the Series G ADSs and
Series H ADSs.
Copies of the offer to exchange and letters of transmittal may
also be obtained from the Information Agent:
Georgeson LLC Telephone: (888) 607-9252
E-mail: Navios@georgeson.com
Copies of the offer to exchange and letters of transmittal may
be found on the Company’s website at
www.navios.com/exchangeoffer.
THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A
SOLICITATION TO BUY ANY OF THE EXISTING SERIES G ADSs OR SERIES H
ADSs OR THE UNDERLYING PREFERRED STOCK NOR IS IT A SOLICITATION FOR
ACCEPTANCE OF THE EXCHANGE OFFER. THE COMPANY IS MAKING THE
EXCHANGE OFFER ONLY BY, AND PURSUANT TO THE TERMS OF, THE OFFER TO
EXCHANGE AND THE LETTERS OF TRANSMITTAL. THE EXCHANGE OFFER ARE NOT
BEING MADE IN ANY JURISDICTION IN WHICH THE MAKING OR ACCEPTANCE
THEREOF WOULD NOT BE IN COMPLIANCE WITH THE SECURITIES, BLUE SKY OR
OTHER LAWS OF SUCH JURISDICTION. NONE OF THE COMPANY, THE
INFORMATION AGENT OR THE EXCHANGE AGENT FOR THE EXCHANGE OFFER
MAKES ANY RECOMMENDATION IN CONNECTION WITH THE EXCHANGE OFFER.
THIS ANNOUNCEMENT IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF
AN OFFER TO BUY ANY OF THESE SECURITIES AND SHALL NOT CONSTITUTE AN
OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH SUCH
OFFER, SOLICITATION OR SALE IS UNLAWFUL.
About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc. (NYSE:NM) is a global, vertically
integrated seaborne shipping and logistics company focused on the
transport and transshipment of drybulk commodities including iron
ore, coal and grain. For more information about Navios Holdings
please visit our website: www.navios.com.
Forward-Looking Statements
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 and expectations including with respect to
the completion of the Exchange Offer. Although Navios Holdings
believes that the expectations reflected in such forward-looking
statements are reasonable at the time made, 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.
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