NM - Navios Maritime announces $20M tender offer for series G series H ADSs

• Navios Maritime ( NYSE: NM ) said Wednesday it commenced a tender offer to buy up to $20M of the outstanding series G and series H American depositary shares for cash.
• Purchase price per series G ADS will be $15.73 and $15.28 per series H ADS.
• Each series G ADS represents 1/100th of 8.75% series G cumulative redeemable perpetual preferred stock and each series H ADS represents 1/100th of 8.625% series H cumulative redeemable perpetual preferred stock.
• The offer is being made exclusively to existing holders of series G ADSs and series H ADSs.
• The offer will expire at midnight ET on Oct. 12, unless extended or terminated.

For further details see: