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Navios Maritime Said to Seek $250 Million Refinancing Loan

June 3 (Bloomberg) -- 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.

Navios had about $201.6 million of debt outstanding under a term loan due in 2017 it obtained last year, according to data compiled by Bloomberg.

An e-mail sent to a general information address at Navios in Piraeus, Greece, wasn’t immediately returned.

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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