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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wednesday, July 30, 7:15 PM

Slide #2. Navios Maritime Holdings Inc. Preferred Stock Offering

Company: Navios Maritime Holdings Inc. (NYSE:NM)
Date announced: 6/30/2014
Security type: Series H Cumulative Redeemable Perpetual Preferred Stock (NYSE:NM.PRH)
Shares Offered: 4,200,000
Date of Pricing: 6/30/2014
Price Per Share: $25
Preferred Stock Offering Details: Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today the offering of American Depositary Shares, each of which represents 1/100th of the Company's Series H Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, with a liquidation preference of $2,500.00 per share (equivalent to $25.00 per American Depositary Share), to the public. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional American Depositary Shares. The American Depositary Shares have been approved for listing on the New York Stock Exchange under the symbol "NMPrH," subject to official notice of issuance. - updated 7/2 - Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today that the offering of 4,200,000 American Depositary Shares, each of which represents 1/100th of a share of the Company's Series H Cumulative Redeemable Perpetual Preferred Stock, with a liquidation preference of $2,500.00 per share ($25.00 per American Depositary Share), priced at $25.00 per American Depositary Share. The gross proceeds from the offering before the underwriting discount and other offering expenses are expected to be $105 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 630,000 American Depositary Shares. Dividends will be payable on the Series H Cumulative Redeemable Perpetual Preferred Stock at a rate of 8.625% per annum of the stated liquidation preference. The Company has applied to have the American Depositary Shares listed on the New York Stock Exchange under the symbol "NMPrH."

Navios Maritime Holdings is a seaborne shipping group based in Monaco. Co. is engaged in global, seaborne shipping and logistics, specializing in the worldwide carriage, trading, storage and related logistics of international bulk cargoes. Co. operates a diverse portfolio of Capesize, Panamax, Ultra-Handymax and Handy size bulk carriers, deploying owned, chartered and leased vessels. In addition, Co. owns and operates a bulk terminal in Uruguay and a liquid port in Paraguay. Co. maintains offices in Piraeus, Greece, Antwerp, Belgium, New York, Monaco and Singapore.

Preferred: NM.PRG


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Name:  Navios Maritime Holdings Inc
Website:  www.navios.com
Sector:  Shipping
Number of ETFs Holding NM:  17 (see which ones)
Total Market Value Held by ETFs:  $18,996,034
Total Market Capitalization:  $849,000,000
% of Market Cap. Held by ETFs:  2.24%
 

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