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Legal News

Cahill Represents Initial Purchasers in $305 Million Notes Offering for Navios Maritime Holdings Inc. and Navios Maritime Finance II (US) Inc.

Date: 11/21/17

Cahill represented the initial purchasers in connection with a Rule 144A offering of $305,000,000 aggregate principal amount of 11.25% senior secured notes due 2022 by Navios Maritime Holdings Inc. and Navios Maritime Finance II (US) Inc., a Marine freight, shipping & cargo transport company. Proceeds from the offering are expected to be used for a tender offer for any and all of the 8 1/8% senior notes due 2019 (the “2019 Notes”), to redeem any of the 2019 Notes that are not purchased in the tender offer, and any remaining proceeds thereafter, are expected to be used for general corporate purposes.