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: November 7, 2008
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
Twenty-First Supplemental Indenture; Facility Agreement
Dated
as of November 10, 2008, Navios Maritime Holdings Inc. (“Navios Holdings”) entered into a Twenty-First
Supplemental Indenture in order to add Quena Shipmanagement Inc., Astra Maritime Corporation and Primavera Shipping Corporation, each a Marshall Islands corporation and an indirect
subsidiary of Navios Holdings, as guarantors to its Indenture dated December 18, 2006 providing for the
issuance of its 91/2% Senior Notes due 2014.
A copy of the Twenty-First Supplemental Indenture
is furnished as Exhibit 99.1 to this
Report and is incorporated herein by reference.
On
November 7, 2008, Corsair Shipping Ltd., Astra Maritime Corporation,
Primavera Shipping Corporation, Beaufiks Shipping Corporation and Quena Shipmanagement Inc. (collectively, the “Borrowers”), subsidiaries of Navios
Holdings, entered into a $90.0 million revolving credit facility with Marfin Egnatia Bank
S.A (the “Credit Facility”). The Credit
Facility is available for financing or refinancing part of the acquisition cost of vessels that have been
or may be purchased by the Borrowers,
to finance other investments and for general corporate and working capital purposes of the Borrowers, Navios Holdings or any of the subsidiaries of Navios
Holdings. Navios Holdings and certain of its subsidiaries are guarantors of the Credit Facility. To date, no amounts have been drawn under the Credit
Facility. The interest rate of the Credit Facility is LIBOR plus 2.75% per annum and the Borrowers agreed to pay a one-time arrangement fee and an annual
commitment fee.
The Credit Facility contains covenants that, among other things,
prevent the Borrowers from acquiring further assets, forming or acquiring subsidiaries, undertaking any business other than the ownership and operation of
the vessels described in the Credit Facility or employing anyone other than the shipmanagers described in the Credit Facility as commercial and technical
managers of any vessel. The Credit Facility requires compliance with various covenants, including those covenants contained in the senior notes indenture
of Navios Holdings, as well as compliance with specified security value maintenance. The Credit Facility 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 senior notes indenture, or other indebtedness, (iii) a “change of control” shall occur, as defined in the senior notes indenture or (iv) if
Angeliki Frangou, Navios Holdings’ Chairman and Chief Executive Officer, beneficially owns less than 20% of the issued and outstanding common stock of
Navios Holdings.
A copy of the Credit Facility is furnished as Exhibit 99.2 to this Report and is incorporated herein by reference.
This information contained in this Report is hereby incorporated by reference into the Navios
Registration Statements on Form F-3, File Nos. 333-136936, 333-129382 and 333-141872 and on Form
S-8, File No. 333-147186.