Navios Containers Eyes USD 50 Mn of Fresh Funds

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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >