SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
Dated:
September 7, 2010
Commission File No. 001-33311
NAVIOS MARITIME HOLDINGS INC.
85 Akti Miaouli Street, Piraeus, Greece 185 38
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F:
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(l):
Yes o No þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Yes o No þ
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
TABLE OF CONTENTS
On September 7, 2010, Navios Maritime Holdings Inc. (“Navios Holdings”) entered into a Loan
Agreement with Navios Maritime Acquisition Corporation (“Navios Acquisition”) pursuant to which
Navios Holdings provided $40.0 million in short term financing. The $40.0 million facility with
Navios Holdings has a margin of LIBOR plus 300 bps and a term of 18 months, maturing on April 1,
2012. The Loan Agreement is attached hereto as Exhibit 10.1 to this Report and is incorporated
herein by reference.
On September 24, 2010, through a wholly-owned subsidiary, Navios Holdings entered into a letter
amendment (the “Amendment”) to its existing Loan Agreement with DNB NOR BANK ASA for a loan
facility of up to $65.5 million. The Amendment provides for changes to certain definitions. The
Amendment is attached hereto as Exhibit 10.2 to this Report and is incorporated herein by
reference.
On September 30, 2010, Aramis Navigation Inc., a wholly-owned subsidiary of Navios Holdings,
entered into a $40.0 million facility agreement with Emporiki Bank of Greece S.A. (the “Facility
Agreement”), to be drawn in three tranches, in connection with partially financing the purchase and
construction of a capesize bulk carrier. Navios is a guarantor of the Facility Agreement. Amounts
under the Facility Agreement are payable in 20 equal installments (reduced proportionately if the
full amount is not drawn) of $1.5 million and a balloon payment of $10.0 million to be paid on the
last payment date. The repayment of each tranche starts six months after the drawdown date with
respect to each tranche. The interest rate of the Facility Agreement is LIBOR plus 2.75 bps per
annum, as described in the Facility Agreement.
The Facility Agreement restricts the borrowers from, certain corporate activities, including
incurring any further indebtedness without the consent of the bank. In addition, the Facility
Agreement requires compliance with various covenants, including those covenants contained in the
senior notes indenture of Navios Holdings, as well as compliance with certain levels of security
value and specified financial covenants. The Facility Agreement identifies certain events that will
constitute an event of default, including, (i) the non-compliance with certain covenants, (ii) if
there is a default, in certain circumstances, under the Navios Holdings’ Indenture and (iii) if
Angeliki Frangou, Navios Holdings’ Chairman and Chief Executive Officer, beneficially owns less
than 20% of the issued stock of Navios Holdings.
A copy of the Facility Agreement is attached hereto as Exhibit 10.3 to this Report and is
incorporated herein by reference.
This
information contained in this Report is hereby incorporated by
reference into the Company’s Registration Statements on Form
F-3, File Nos. 333-136936, 333-129382 and 333-165754 and on Form
S-8, File No. 333-147186.