Navios Maritime Holdings repurchased another $15m in high-interest debt, leaving another $90m in notes that are coming due later this year.
The Angeliki Frangou-led owner and operator of 36 bulkers on Monday redeemed that amount of senior secured notes that carry an 11.25% coupon rate and mature in August.
Athens-based Navios Holdings paid full redemption price plus accrued and unpaid interest, up to but excluding the 15 June redemption date.
