Navios Maritime Partners refinanced a loan at slightly poorer terms but JP Morgan says the deal may pave the the way for the bulker and boxship owner to restart its dividend.
The Angeliki Frangou-controlled Navios said the $405m Term Loan B facility was priced today at an interest rate of 500 points over Libor with a three-and-a-half year term.
The loan will refinance the company's existing Term Loan B facility, which carried a rate of 425 basis points above Libor for a term of five year.
Morgan
