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Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Navios Maritime Holdings Completes Private Placement

Date: 12/18/06

Cahill represented Merrill Lynch & Co., JPMorgan, Banc of America Securities LLC and S. Goldman Advisors LLC as Initial Purchasers in a Rule 144A / Regulation S Offering by Navios Maritime Holdings Inc. of $300,000,000 of 9-1/2% Senior Notes due 2014.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com