View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
September 17, 2013

Navios Maritime Acquisition closes $100m placement

Navios Maritime Acquisition, a business unit of the Navios Group, has raised $100m of gross proceeds from the divestment of 25,974,026 shares of common stock at a rate of $3.85 per share.

By admin-demo

Navios Maritime Acquisition, a business unit of the Navios Group, has raised $100m of gross proceeds from the divestment of 25,974,026 shares of common stock at a rate of $3.85 per share.

Of the total gross proceeds, $50m was raised through a registered direct offering of 12,987,013 shares of common stock and the remaining amount was raised through placement of 12,987,013 shares of common stock to Navios Maritime Holdings (NMH).

The company aims to use the gross proceeds for working capital and for other general corporate purposes such as the repayment of outstanding debt and the acquisition of vessels.

Following the closure of placement, NMH owns a 48.5% stake in Navios Maritime Acquisition.

The agents that helped the closure of Navios placements include RS Platou Markets, S Goldman Capital, ABN AMRO Securities, DVB Capital Markets, Clarkson Capital Markets and BNP Paribas Securities.

Headquartered in Greece, Navios Maritime Acquisition owns and operates a large fleet of tanker vessels involved in the transportation of petroleum products and bulk liquid chemicals.

The company charters the vessels to international oil companies, refiners and large vessel operators under long, medium and short-term charters.

Established in 1954 by US Steel, NMH currently operates 49 vessels totalling around 5.1m deadweight tonnes.

In total, the Navios Group operates 99 vessels and about 10.7 million deadweight tonnes.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology