Entering text into the input field will update the search result below

Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An Issue

Henrik Alex profile picture
Henrik Alex


  • Debt-laden dry bulk shipper is facing another debt maturity in August.
  • With decent cash generated from operations and the option to sell additional vessels to related party Navios Maritime Partners, redemption of the remaining Senior Secured Notes shouldn't be an issue.
  • CEO and Chairwoman Angeliki Frangou recently disclosed a 40.8% ownership stake on an as-converted basis and indicated her intention to purchase additional common shares for up to $20 million.
  • Ms. Frangou still likely to reunite Navios Maritime Holdings and Navios Maritime Partners at an opportune time to grab a very substantial stake in Navios Maritime Partners.
  • Investors should continue to remain on the sidelines and be wary of a potential future merger with Navios Partners to the detriment of the partnership's outside common unitholders.

Schwarzes Frachtschiff

InfinitumProdux/iStock via Getty Images

In late 2021, debt-laden dry bulk shipper Navios Maritime Holdings (NYSE:NM) or "Navios Holdings" announced the eagerly-awaited terms of its widely-anticipated bailout by CEO and Chairwoman Angeliki Frangou:

Bail-Out Terms

Company SEC-Filing

Both related-party loans have

Senior Notes Repayment

Company Presentation

Operating Cash Flow Forecast

Company Presentation

This article was written by

Henrik Alex profile picture
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for PricewaterhouseCoopers before becoming a daytrader almost 20 years ago. During this time, I managed to successfully maneuver the burst of the dotcom bubble and the aftermath of the world trade center attacks as well as the subprime crisis.Despite not being a native speaker, I always try to deliver high quality research at no charge to followers and the entire Seeking Alpha community.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.