Greece’s Navios Maritime Holdings continues to make progress on cutting debt following a bond buyback.
The US-listed bulker company said it had repurchased $25m of its 11.25% notes at par.
This leaves $130m outstanding on maturity in August — the only bond issue remaining after recent refinancings.
Fearnley Securities said the company had reported an “ample” cash balance of $138m as of the end of 2021.
