Nasdaq-listed Navios Maritime Containers has refinanced existing debt as it revealed shrinking profit for the first quarter.
The owner has borrowed $30.2m in order to pay off an outstanding balance of $22.9m.
The facility is repayable in 18 equal consecutive quarterly instalments of $0.7m each, with a $17.5m balloon payment on the last repayment date in July 2023.
Interest is Libor plus 325 basis points.
