Navios Maritime Said to Seek $250 Million Term Loan

(Corrects number of loan underwriters.)

Navios Maritime Holdings LP, a provider of maritime freight transportation, is seeking a $250 million term loan to refinance debt and fund the acquisition of new vessels, according to a person with knowledge of the matter.

Morgan Stanley, JPMorgan Chase & Co. and Citigroup Inc. are arranging the financing and will host a lender meeting tomorrow at 2 p.m. in New York, said the person who asked not to be identified because the deal is private.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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