Angeliki Frangou’s Navios seems to have struck it second time lucky in writing a loan between two of its separately listed vehicles.
A $50m facility between Navios Maritime Acquisition and Navios Maritime Holdings faced a string or criticism and was ultimately shelved.
The new $70m loan between the outfits on different terms has won the support of analysts.
As TradeWinds reported last night, Deutsche Bank analyst Amit Mehrotra and Stifel analyst Benjamin Nolan agreed that the deal is better for Navios Acquisition than the first loan.
