A total of $ 550 million in financing agreements were signed by Navios Maritime Holdings to repay all first mortgage bonds at an interest rate of 7.375% and maturing on January 15, 2022 and to repurchase $ 50.0 million out of the remaining bonds at an interest rate of 11.25% maturing on August 15, 2022 (after 105.0 million will remain pending).
The $ 287 million relates to two commercial banking facilities and four sale leaseback agreements.
Credit facilities and sale and lease agreements will be secured by 18 bulk carriers (17 of which are already pledged for secured bonds) and an additional security of seven bulk carriers subject to bareboat charters and sale agreements. and leaseback.
Also another $ 262.6 million in payment facilities in kind, with an entity associated with the President and CEO of the company Mrs. Angeliki Frangou.
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