Navios Maritime Holdings has taken back a swathe of outstanding notes in one swipe, but the bulker owner still has plenty of debt that is backed by its sister companies.
The Angeliki Frangou-led company redeemed $100m in 11.25% senior secured notes due in 2022, lowering the series by a third to $205m in a broader effort to address $896m in debt maturing on 1 March.
