Borrowings (Details Narrative)
|
1 Months Ended |
3 Months Ended |
6 Months Ended |
7 Months Ended |
8 Months Ended |
12 Months Ended |
|
|
Jan. 31, 2022
USD ($)
|
Jun. 30, 2022
USD ($)
|
Jun. 30, 2021
USD ($)
|
Jun. 30, 2022
USD ($)
shares
|
Jun. 30, 2021
USD ($)
|
Jul. 31, 2022
USD ($)
|
Aug. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
Mar. 31, 2022
USD ($)
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
|
|
|
$ 77,704,000
|
|
|
|
|
|
| Gain (Loss) on Extinguishment of Debt |
|
$ (106,000)
|
$ 1,873,000
|
(221,000)
|
$ 1,873,000
|
|
|
|
|
| Outstanding amount |
|
1,291,431,000
|
|
$ 1,291,431,000
|
|
|
|
$ 1,405,814,000
|
|
| Debt Instrument, Covenant Description |
|
|
|
The Company’s secured credit facilities required compliance with maintenance covenants. Depending on the facility, these covenants included: (i) value-to-loan ratio covenants based on charter-free valuations, ranging from over 125% to 133%; (ii) minimum liquidity, as defined in the credit facilities, of $10,000; (iii) total debt divided by total assets, as defined in each credit facility, of 75%; and (iv) net worth, as defined in the credit facility, of $125,000.
|
|
|
|
|
|
| Convertible Notes Payable, Noncurrent |
|
47,637,000
|
|
$ 47,637,000
|
|
|
|
$ 0
|
|
| Sale Leaseback Transaction, Amount Due under Financing Arrangement |
|
137,802
|
|
137,802
|
|
|
|
|
|
| Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable, Noncurrent |
|
47,637,000
|
|
$ 47,637,000
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
|
|
|
|
4.00%
|
|
| Number of trading months |
|
|
|
36
|
|
|
|
|
|
| Convertible Debt |
|
|
|
|
|
|
|
$ 24,000,000
|
|
| Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
|
|
|
|
|
five years
|
|
| Minimum [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
5.00%
|
|
|
|
|
|
| Maximum [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
10.00%
|
|
|
|
|
|
| Hamburg Commercial Bank AG [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
December 2021
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
101,750,000
|
|
$ 101,750,000
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
for the refinancing of seven dry bulk vessels
|
|
|
|
|
|
| Drawn down date |
|
|
|
January 5, 2022
|
|
|
|
|
|
| Line of Credit Facility, Interest Rate Description |
|
|
|
LIBOR plus a margin
|
|
|
|
|
|
| Prepayment date |
|
|
|
March 2022
|
|
|
|
|
|
| Prepayments of debt |
|
|
|
$ 10,380,000
|
|
|
|
|
|
| Number Of Vessels Released As Collateral |
|
|
|
one
|
|
|
|
|
|
| Outstanding amount |
|
87,430,000
|
|
$ 87,430,000
|
|
|
|
|
$ 91,345,000
|
| Number of repayment installments |
|
|
|
8
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Line of Credit Facility, Periodic Payment |
|
|
|
$ 3,915,000
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
60,027,000
|
|
$ 60,027,000
|
|
|
|
|
|
| Hamburg Commercial Bank AG [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
3.25%
|
|
|
|
|
|
| Hamburg Commercial Bank AG [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
4.50%
|
|
|
|
|
|
| Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
December 2021
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
105,000,000
|
|
$ 105,000,000
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
for the refinancing of seven dry bulk vessels.
|
|
|
|
|
|
| Drawn down date |
|
|
|
January 5, 2022
|
|
|
|
|
|
| Line of Credit Facility, Interest Rate Description |
|
|
|
LIBOR plus a margin
|
|
|
|
|
|
| Outstanding amount |
|
98,500,000
|
|
$ 98,500,000
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
41,000,000
|
|
$ 41,000,000
|
|
|
|
|
|
| Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
2.85%
|
|
|
|
|
|
| Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
3.75%
|
|
|
|
|
|
| Four of Navios Holdings Credit Facilities [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
|
|
|
$ 131,012,000
|
$ 36,199,000
|
|
|
|
|
| Sale and Leaseback Agreements $77,000 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Sale Leaseback Transaction, Date |
|
|
|
December 2021
|
|
|
|
|
|
| Sale Leaseback Transaction, Amount Due under Financing Arrangement |
|
77,000,000
|
|
$ 77,000,000
|
|
|
|
|
|
| Sale and Leaseback Transaction Description |
|
|
|
in order to finance four dry bulk vessels.
|
|
|
|
|
|
| Sale and Leaseback Agreements $77,000 [Member] | Two dry bulk vessels [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
96
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 481,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
fourth quarter of 2029
|
|
|
|
|
|
| Balloon payment |
|
3,600,000
|
|
$ 3,600,000
|
|
|
|
|
|
| Sale and Leaseback Agreements $77,000 [Member] | One Dry Bulk Vessel [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
monthly
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
72
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 688,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
fourth quarter of 2027
|
|
|
|
|
|
| Balloon payment |
|
3,500,000
|
|
$ 3,500,000
|
|
|
|
|
|
| Sale and Leaseback Agreements $77,000 [Member] | Fourth Sale Lease Back Agreement [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Drawn down date |
|
|
|
January 2022
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
monthly
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
84
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 643,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
first quarter of 2029
|
|
|
|
|
|
| Balloon payment |
|
1,000,000
|
|
$ 1,000,000
|
|
|
|
|
|
| Proceeds from Lines of Credit |
|
|
|
$ 19,000,000
|
|
|
|
|
|
| Sale And Leaseback Agreements $68,000 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
monthly
|
|
|
|
|
|
| Sale Leaseback Transaction, Date |
|
|
|
first quarter of 2020
|
|
|
|
|
|
| Sale Leaseback Transaction, Amount Due under Financing Arrangement |
|
68,000,000
|
|
$ 68,000,000
|
|
|
|
|
|
| Sale and Leaseback Transaction Description |
|
|
|
for two Capesize vessels
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
144
|
|
|
|
|
|
| Sale And Leaseback Agreements $68,000 [Member] | Capesize Vessel A [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 224,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
fourth quarter of 2031
|
|
|
|
|
|
| Balloon payment |
|
750,000
|
|
$ 750,000
|
|
|
|
|
|
| Sale And Leaseback Agreements $68,000 [Member] | Capesize Vessel B [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 238,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
first quarter of 2032
|
|
|
|
|
|
| Balloon payment |
|
750,000
|
|
$ 750,000
|
|
|
|
|
|
| Sale and Leaseback Agreements $12,000 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Drawn down date |
|
|
|
March 2022
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
60
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
monthly
|
|
|
|
|
|
| Sale Leaseback Transaction, Date |
|
|
|
March 2022
|
|
|
|
|
|
| Sale Leaseback Transaction, Amount Due under Financing Arrangement |
|
12,000,000
|
|
$ 12,000,000
|
|
|
|
|
|
| Sale and Leaseback Transaction Description |
|
|
|
to finance one dry bulk vessel
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
$ 521,000
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
first quarter of 2027
|
|
|
|
|
|
| Balloon payment |
|
$ 1,600,000
|
|
$ 1,600,000
|
|
|
|
|
|
| Sale and Leaseback Agreements $22,000 [Member] | Eight Sale Lease Back Agreement [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Drawn down date |
|
|
|
|
|
third quarter 2022
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
|
|
monthly
|
|
|
|
| Sale Leaseback Transaction, Date |
|
|
|
|
|
third quarter of 2022
|
|
|
|
| Sale Leaseback Transaction, Amount Due under Financing Arrangement |
|
|
|
|
|
$ 22,000,000
|
|
|
|
| Sale and Leaseback Transaction Description |
|
|
|
|
|
to finance a dry bulk vessel
|
|
|
|
| Number of repayment installments |
|
|
|
|
|
120
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
$ 158,000
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
third quarter of 2032
|
|
|
|
|
|
| Balloon payment |
|
|
|
|
|
3,000,000
|
|
|
|
| First four installments [Member] | Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Periodic Payment |
|
|
|
$ 6,500,000
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
quarterly
|
|
|
|
|
|
| Next eight installments [Member] | Loan Facility Credit Agricole CIB/ BNP Paribas ($105,000) [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Periodic Payment |
|
|
|
$ 4,750,000
|
|
|
|
|
|
| Debt Instrument, Frequency of Periodic Payment |
|
|
|
quarterly
|
|
|
|
|
|
| Three of the four new sale and leaseback agreements [Member] | Sale and Leaseback Agreements $77,000 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Drawn down date |
|
|
|
December 2021
|
|
|
|
|
|
| Proceeds from Lines of Credit |
|
|
|
$ 58,000,000
|
|
|
|
|
|
| Three Month Period Ended [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt, Weighted Average Interest Rate |
|
10.17%
|
9.34%
|
10.17%
|
9.34%
|
|
|
|
|
| Six Month Period Ended [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt, Weighted Average Interest Rate |
|
10.05%
|
9.33%
|
10.05%
|
9.33%
|
|
|
|
|
| 2022 Senior Secured Notes [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
November 21, 2017
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 305,000,000
|
|
$ 305,000,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
11.25%
|
|
11.25%
|
|
|
|
|
|
| Debt instrument, issuance price percentage |
|
|
|
97.00%
|
|
|
|
|
|
| Agreggate principal amount, redeemed |
|
$ 40,000,000
|
$ 0
|
$ 65,000,000
|
$ 0
|
$ 10,000,000
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
100.00%
|
|
|
|
|
|
| Write off of Deferred Debt Issuance Cost |
|
106,000
|
|
$ 221,000
|
|
|
|
|
|
| Repayments of Debt |
|
|
|
|
|
|
$ 80,000,000
|
|
|
| Deferred Financing Costs |
|
|
|
|
|
|
$ 142,000
|
|
|
| Maturity Date |
|
|
|
August 2022
|
|
|
|
|
|
| 2022 Notes [member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 650,000,000
|
|
$ 650,000,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
7.375%
|
|
7.375%
|
|
|
|
|
|
| Repayments of Debt |
$ 455,466,000
|
|
|
|
|
|
|
|
|
| Debt Instrument, Issuance Date |
|
|
|
Nov. 29, 2013
|
|
|
|
|
|
| Debt Instrument, Repurchased Face Amount |
|
|
14,356,000
|
|
14,356,000
|
|
|
|
|
| Debt Instrument, Repurchase Amount |
|
|
$ 12,454,000
|
|
12,454,000
|
|
|
|
|
| Gain (Loss) on Extinguishment of Debt |
|
|
|
|
1,873,000
|
|
|
|
|
| 2022 Notes [member] | NSM Loan [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
100,000,000
|
|
|
|
|
|
|
|
|
| 2022 Notes [member] | Sale and Leaseback Agreements $77,000 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
$ 77,000,000
|
|
|
|
|
|
|
|
|
| Number of sale and leaseback agreements |
four
|
|
|
|
|
|
|
|
|
| 2022 Notes [member] | Two Credit Facilities [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
$ 206,725,000
|
|
|
|
|
|
|
|
|
| 2022 Notes [member] | NSM Loan [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Asset Not Pledged As Collateral. |
|
|
|
|
|
|
|
$ 158,873,000
|
|
| Senior Notes 2024 [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage |
|
|
|
100.00%
|
|
|
|
|
|
| Senior Notes 2024 [Member] | Series H Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 4,747,000
|
|
$ 4,747,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
9.75%
|
|
9.75%
|
|
|
|
|
|
| Debt instrument issuance date |
|
|
|
March 21, 2019
|
|
|
|
|
|
| Treasury Stock, Shares, Acquired | shares |
|
|
|
10,930
|
|
|
|
|
|
| Senior Notes 2024 [Member] | Series G Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 3,879,000
|
|
$ 3,879,000
|
|
|
|
|
|
| Debt instrument issuance date |
|
|
|
April 21, 2019
|
|
|
|
|
|
| Treasury Stock, Shares, Acquired | shares |
|
|
|
8,841
|
|
|
|
|
|
| Credit Facilities [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant Compliance |
|
|
|
As of June 30, 2022, the Company was in compliance with all of the covenants under each of its credit facilities.
|
|
|
|
|
|
| NSM Loan I [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
December 2021
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
127,632,000
|
|
$ 127,632,000
|
|
|
|
|
|
| Outstanding amount |
|
$ 127,632,000
|
|
$ 127,632,000
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Line of Credit Facility, Periodic Payment |
|
|
|
$ 5,000,000
|
|
|
|
|
|
| Number of loan tranches |
|
2
|
|
2
|
|
|
|
|
|
| NSM Loan I [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable, Noncurrent |
|
$ 11,204,000
|
|
$ 11,204,000
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
18.00%
|
|
|
|
|
|
| NSM Loan I [Member] | Tranche A [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
48,573,000
|
|
$ 48,573,000
|
|
|
|
|
|
| NSM Loan I [Member] | Tranche B [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
79,059,000
|
|
$ 79,059,000
|
|
|
|
|
|
| NSM Loan II [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
December 2021
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
135,000,000
|
|
$ 135,000,000
|
|
|
|
|
|
| Outstanding amount |
|
$ 135,000,000
|
|
$ 135,000,000
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Line of Credit Facility, Periodic Payment |
|
|
|
$ 5,000,000
|
|
|
|
|
|
| Number of loan tranches |
|
2
|
|
2
|
|
|
|
|
|
| NSM Loan II [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable, Noncurrent |
|
$ 11,850,000
|
|
$ 11,850,000
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
18.00%
|
|
|
|
|
|
| NSM Loan II [Member] | Tranche A [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
64,059,000
|
|
$ 64,059,000
|
|
|
|
|
|
| NSM Loan II [Member] | Tranche B [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
70,941,000
|
|
$ 70,941,000
|
|
|
|
|
|
| NSM Loan I & II [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
18.00%
|
|
|
|
|
|
| Prepayment fee |
|
|
|
$ 61,730,000
|
|
|
|
|
|
| Four Percent PIK [Member] | Convertible Debenture [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable, Noncurrent |
|
583,000
|
|
$ 583,000
|
|
|
|
|
|
| Convertible conversion ratio |
|
|
|
4.00%
|
|
|
|
|
|
| 2025 Logistics Senior Notes [Member] | Navios Logistics [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 500,000,000
|
|
$ 500,000,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
10.75%
|
|
10.75%
|
|
|
|
|
|
| Deferred Financing Costs |
|
$ 14,403,000
|
|
$ 14,403,000
|
|
|
|
15,927,000
|
|
| Debt Instrument, Issuance Date |
|
|
|
Jul. 08, 2020
|
|
|
|
|
|
| Debt Instrument, Covenant Description |
|
|
|
The 2025 Logistics Senior Notes are secured by (i) first priority ship mortgages on four tanker vessels servicing the Navios Logistics’ cabotage business (the (1) Elena H, (2) Makenita H, (3) Sara H and (4) He Man H) owned by certain subsidiary guarantors (such guarantors, the “Mortgaged Vessel Guarantors”) and related assignments of earnings and insurance together with a first priority lien on the capital stock of each Mortgaged Vessel Guarantor; and (ii) an assignment by way of security of the Vale port contract (collectively, the “Collateral”).
|
|
|
|
|
|
| Debt Instrument, Covenant Compliance |
|
|
|
The Logistics Co-Issuers were in compliance with the covenants as of June 30, 2022.
|
|
|
|
|
|
| Maturity Date |
|
|
|
July 1, 2025
|
|
|
|
|
|
| 2025 Logistics Senior Notes [Member] | Prior to August 1, 2022 [Member] | Navios Logistics [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
35.00%
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage |
|
|
|
110.75%
|
|
|
|
|
|
| Debt Instrument, Redemption, Description |
|
|
|
Prior to August 1, 2022, the Logistics Co-Issuers may also redeem all or a part of the 2025 Logistics Senior Notes at a redemption price equal to the sum of: (a) 100% of the principal amount of the 2025 Logistics Senior Notes to be redeemed; plus (b) the applicable “make-whole” premium described in the Indenture governing the 2025 Logistics Senior Notes, plus (c) accrued and unpaid interest, if any, on the 2025 Logistics Senior Notes to be redeemed, to (but excluding) the applicable redemption date, subject to the right of holders of notes on the relevant record date to receive interest due on all the relevant interest payment dates.
|
|
|
|
|
|
| 2025 Logistics Senior Notes [Member] | Upon Certain Changes In Law [Member] | Navios Logistics [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
100.00%
|
|
|
|
|
|
| 2025 Logistics Senior Notes [Member] | Upon occurrence of certain change of control events [Member] | Navios Logistics [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
101.00%
|
|
|
|
|
|
| 2022 Navios Logistics Alpha Bank Loan [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
February 28, 2022
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
7,000,000
|
|
$ 7,000,000
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
in order to repay existing debt under the Navios Logistics Alpha Bank Loan.
|
|
|
|
|
|
| Drawn down date |
|
|
|
May 18, 2022
|
|
|
|
|
|
| Line of Credit Facility, Interest Rate Description |
|
|
|
Secured Overnight Financing Rate (“SOFR”) plus 315 basis points.
|
|
|
|
|
|
| Outstanding amount |
|
7,000,000
|
|
$ 7,000,000
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
12
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
2,800,000
|
|
$ 2,800,000
|
|
|
|
|
|
| Debt Instrument, Date of First Required Payment |
|
|
|
Aug. 18, 2022
|
|
|
|
|
|
| Debt Issuance Costs, Gross |
|
87,000
|
|
$ 87,000
|
|
|
|
99,000
|
|
| 2022 Navios Logistics BBVA Facility [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
March 23, 2022
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
25,000,000
|
|
$ 25,000,000
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
to repay existing debt with BBVA and for general corporate purposes.
|
|
|
|
|
|
| Outstanding amount |
|
$ 17,000,000
|
|
$ 17,000,000
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Maturity Date |
|
|
|
July 1, 2025
|
|
|
|
|
|
| Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
4.25%
|
|
4.25%
|
|
|
|
|
|
| Description of collateral |
|
|
|
is secured by assignments of certain receivables.
|
|
|
|
|
|
| Amount drawn down |
|
$ 17,000,000
|
|
$ 17,000,000
|
|
|
|
|
|
| Navios Logistics Santander Facility [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Line of credit facility initiation date |
|
|
|
March 25, 2022
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
5,000,000
|
|
$ 5,000,000
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
for general corporate purposes.
|
|
|
|
|
|
| Outstanding amount |
|
$ 4,711,000
|
|
$ 4,711,000
|
|
|
|
|
|
| Number of repayment installments |
|
|
|
12
|
|
|
|
|
|
| Line of Credit Facility, Frequency of Payments |
|
|
|
quarterly
|
|
|
|
|
|
| Maturity Date |
|
|
|
March 7, 2026
|
|
|
|
|
|
| Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
4.20%
|
|
4.20%
|
|
|
|
|
|
| Description of collateral |
|
|
|
is secured by assignments of certain receivables.
|
|
|
|
|
|
| Navios Logistics other long-term loans and notes payable [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Description of scope, credit facility |
|
|
|
to finance the construction of its Dry Port Terminal, the acquisition of vessels, or for general corporate purposes.
|
|
|
|
|
|
| Notes and Loans Payable |
|
$ 58,804,000
|
|
$ 58,804,000
|
|
|
|
$ 58,376,000
|
|
| Debt Instrument, Description of Variable Rate Basis |
|
|
|
LIBOR or SOFR
|
|
|
|
|
|
| Navios Logistics other long-term loans and notes payable [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
3.15%
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
March 2024
|
|
|
|
|
|
| Navios Logistics other long-term loans and notes payable [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
8.50%
|
|
|
|
|
|
| Debt Instrument, Maturity Date, Description |
|
|
|
March 2026
|
|
|
|
|
|
| Secured Debt [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Repayments of Secured Debt |
|
|
|
$ 39,035,000
|
$ 79,071,000
|
|
|
|
|
| NSM Loans [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Proceeds from Lines of Credit |
|
|
|
262,632,000
|
|
|
|
|
|
| Long-term debt [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Proceeds from Lines of Credit |
|
|
|
235,725,000
|
|
|
|
|
|
| Sale and Leaseback Agreements [Member] |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Proceeds from Lines of Credit |
|
|
|
$ 31,000,000
|
|
|
|
|
|