Navios Maritime Holdings Inc. Announces Redemption of $20.0 Million of 11.25% Senior Secured Notes due 2022
September 03 2021 - 8:49AM
Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”)
(NYSE: NM), a global seaborne shipping and logistics company,
announced that on September 3, 2021, the Company issued a notice of
redemption with respect to an aggregate principal amount of
$20,000,000 of its 11.25% Senior Secured Notes due 2022 (the
“Notes”) at a redemption price equal to 100.00% of the aggregate
principal amount thereof, plus accrued and unpaid interest to, but
excluding, the redemption date of September 13, 2021.
The Company previously redeemed $100,000,000 of
Notes on July 23, 2021. After these redemptions, $185,000,000 in
aggregate principal amount of Notes will remain outstanding.
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+1-212-906-8643investors@navios.com
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