PIRAEUS, GREECE, Apr 06, 2011 (MARKETWIRE via COMTEX) --
Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a
global, vertically integrated seaborne shipping and logistics
company, announced today that its majority owned subsidiary, Navios
South American Logistics Inc. ("Navios Logistics") priced $200.0
million of 9.25% senior notes due 2019 (the "Notes"). The Notes were
offered and sold in the United States only to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and in offshore transactions to
non-United States persons in reliance on Regulation S under the
The Notes and related guarantees have not been registered under the
Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States or to or for the
benefit of U.S. persons unless so registered except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable securities laws in
other jurisdictions. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the Notes and the
related guarantees, nor shall there by any sale of the Notes and the
related guarantees in any jurisdiction in which such offer,
solicitation or sale is unlawful. Any offer of the Notes will be made
only by means of a private offering memorandum. This press release is
being issued pursuant to and in accordance with Rule 135c under the
About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc.
(NYSE: NM) is a global, vertically integrated seaborne shipping and
logistics company focused on the transport and transshipment of
drybulk commodities including iron ore, coal and grain. For more
information about Navios Holdings please visit our website:
About Navios South American Logistics Inc.
Navios South American
Logistics Inc. ("Navios Logistics") is one of the largest logistics
companies in the Hidrovia region of South America, serving the
storage and marine transportation needs of a diverse customer base of
global petroleum, agricultural and mining companies. Through port
terminal, river barge and coastal cabotage operations, the company is
focused on providing its customers integrated transportation, storage
and related services. For more information about Navios Logistics
please visit our website: www.navios-logistics.com.
Forward Looking Statements -- Safe Harbor
This press release
contains forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended) concerning future events and Navios
Holdings' subsidiaries. Words such as "expects," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations of
such words and similar expressions are intended to identify
forward-looking statements. Such statements include comments
regarding completion of the offering. Although Navios Holdings
believes that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control
of Navios Holdings, including market conditions. Actual results may
differ materially from those expressed or implied by such
forward-looking statements. Navios Holdings expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in Navios Holdings' expectations with respect
thereto or any change in events, conditions or circumstances on which
any statement is based.
Navios Maritime Holdings Inc.
SOURCE: Navios Maritime Holdings Inc.