21-05-2017, 07:59 PM
Navios Maritime may be in a worse position than FSL. The bonds has a coupon of 7.375% and is trading below water at $81.50.
https://sportsperspectives.com/2017/05/2...lower.html
If Navios does eventually take up a stake in FSL, I think there's a chance dividend will be restarted. Navio's capital injection should resolve FSL's refinancing issue, and Navios should have the incentive to upstream the cash from FSL via dividends.
https://sportsperspectives.com/2017/05/2...lower.html
If Navios does eventually take up a stake in FSL, I think there's a chance dividend will be restarted. Navio's capital injection should resolve FSL's refinancing issue, and Navios should have the incentive to upstream the cash from FSL via dividends.