Navios Maritime Holdings has raised a total of $350 million in a sale of senior notes. The bonds, which were issued and sold in the U.S. only to qualified institutional buyers, will mature on Feb. 15, 2019. The size of the deal was increased from an initially planned $325 million. The Greek maritime shipping company may use the net proceeds to purchase all its outstanding 9.5% senior notes due 2014, to pay the transaction related fees and expenses and for general corporate purposes. The joint book-running managers for the sale were Bank of America Merrill Lynch and JP Morgan, adds Reuters.

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