Navios Maritime Seeking $250 Million Refinancing Loan, Source Says
By Krista Giovacco
June 3 (Bloomberg) — Navios Maritime Holdings LP, a provider of maritime freight transportation, is seeking a $250 million term loan to refinance debt and fund the acquisition of new vessels, according to a person with knowledge of the matter.
Morgan Stanley, JPMorgan Chase & Co. and Citigroup Inc. are arranging the financing and will host a lender meeting tomorrow at 2 p.m. in New York, said the person who asked not to be identified because the deal is private.
Navios had about $201.6 million of debt outstanding under a term loan due in 2017 it obtained last year, according to data compiled by Bloomberg.
An e-mail sent to a general information address at Navios in Piraeus, Greece, wasn’t immediately returned.
Copyright 2013 Bloomberg.
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