Fresh off a strong second quarter in the dry bulk market, Navios Maritime Holdings continues to make progress in slashing away at imposing debt maturities looming in 2022.
Navios Holdings announced on Friday that it had redeemed $20m of its 11.25% senior secured notes due in August 2022.
When combined with a previous redemption announced 23 July, what had been $305m in outstanding bonds now has been reduced to $185m in remaining obligations.
