Monaco-based Navios Maritime Containers is looking to collect up to USD 50 million of fresh funds to invest in vessel acquisitions, working capital and general corporate purposes.
The company, a growth vehicle dedicated to the container sector, said that it agreed with investors to sell 10 million of its common shares for an aggregate of USD 50 million of gross proceeds at a subscription price of USD 5 per common share.
The offering is expected to close on August 29, 2017.
Navios Maritime Partners will invest USD 10 million in the private placement and will own 40% of the equity post-closing of the private placement. Each of Navios Partners and Navios Maritime Holdings will also receive warrants, with a five-year term, for 6.8% and 1.7% of the newly issued equity, respectively.
Clarksons Platou Securities AS acted as the Lead Manager and Sole Bookrunner, Fearnley Securities acted as the Senior Manager and S. Goldman Advisors LLC acted as Structuring Advisor.