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Navios Maritime Containers Raises USD 30mln

File Image: Navios Maritime Containers

By Aiswarya Lakshmi

Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it has already completed a private placement of common shares, totaling $30.0 million, which is expected to close on March 13, 2018.

Navios Containers will issue approximately 5,450,000 common shares at a subscription price of $5.50 per common share for an aggregate of $30.0 million of gross proceeds. The net proceeds will be used for general corporate purposes, including vessel acquisitions.
Navios Maritime Holdings and Navios Maritime Partners have subscribed for $15.0 million in the private placement and thus will own approximately 39% of the outstanding share capital upon closing.
Each of Navios Holdings and Navios Partners will also receive warrants, with a five-year term, for 1.7% and 6.8% of the newly issued equity, respectively. The offer shares will be tradable on N-OTC on or about March 14, 2018.
Fearnley Securities AS acted as Sole Manager and Bookrunner in the Private Placement, and S. Goldman Advisors LLC acted as Structuring Advisor.

Mar 11, 2018


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