Greece’s Navios to offer perpetual preferreds via four bookrunners

By Christine Van Dusen

Atlanta, June 30 – Greece’s Navios Maritime Holdings Inc. is offering new series H cumulative redeemable perpetual preferred stock at par of $25.00, according to a company announcement.

Morgan Stanley, Credit Suisse, Deutsche Bank and JPMorgan are the bookrunners for the deal.

The preferreds will be issued as depositary shares representing 1/100th interest.

The shares have been approved for listing on the New York Stock Exchange under the symbol “NMPrH.”

The proceeds will be used for general corporate purposes, including the acquisition of vessels.

Navios Maritime is a seaborne shipping and logistics company based in Athens.

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