NM News and Press, Navios Maritime Holdings Inc. From 08/02/22

Company reports less-than-stellar Q2 results and perplexed market participants with the disclosure of an ugly related-party deal for a pair of Handysize dry bulk carriers. The transaction resulted in Vafias family-controlled entity Brave Maritime extracting $39 million of the company'...

Ailing dry-bulk shipper receives $835 million bailout package from former subsidiary Navios Maritime Partners. Transaction will result in the elimination of all short-term debt maturities while increasing cash balances by approximately $50 million. With the company's 63.8% stake i...

Navios Maritime Partners bails out debt-laden former parent Navios Maritime Holdings in a $835 million deal thus adding another 36 dry bulk carriers to its fleet. While one can discuss the suboptimal capital allocation, the transaction won't result in additional dilution to common uni...

Revenue: $280.7 million for Q2 2022 $517.3 million for H1 2022 Net Income: $118.2 million for Q2 2022 $203.8 million for H1 2022 Net cash from operating activities: $142.0 million for Q2 2022 $147.2 million for H1 2...

Navios Maritime ( NYSE: NM ) said Wednesday it will sell its 36-vessel drybulk fleet for ~$835M to Navios Maritime Partners ( NMM ). The deal includes cash and the assumption of $441.6M of bank liabilities , bareboat obligations and finance leasing obligations from...

GRAND CAYMAN, Cayman Islands, July 27, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), announced today a definitive agreement providing for the sale of its 36-vessel drybulk fleet for an aggregate considerat...

MONACO, July 27, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, agreed to acquire a 36-vessel drybulk fleet for a gross purchase price of $835.0 million, including the...

Navios Maritime ( NYSE: NM ) is set to redeem $10M of its 11.25% Senior Secured Notes due 2022 on July 10, 2022. The notes will be redeemed at a price equal to 100.00% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemp...

Navios Maritime (NYSE:NM) is set to redeem $15M of its 11.25% Senior Secured Notes due 2022 on June 16, 2022. The notes will be redeemed at a price equal to 100.00% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date. Upon redempt...

GRAND CAYMAN, Cayman Islands, June 06, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), a global seaborne shipping and logistics company, announced that on June 6, 2022, the Company issued a notice of redempt...