Marine Link
Tuesday, October 23, 2018

Navios Maritime Containers Raises USD 30mln

Maritime Activity Reports, Inc.

March 11, 2018

File Image: Navios Maritime Containers

File Image: Navios Maritime Containers

 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.
 
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