Navios Containers Raising USD 30 Mn for More Ships

Monaco-based container shipping company Navios Maritime Containers has completed a USD 30 million private placement to finance possible vessel acquisitions.

The company will issue 5,450,000 common shares at a subscription price of USD 5.50 per common share. The net proceeds from the private placement, which is expected to close on March 13, 2018, will be used for general corporate purposes, including vessel acquisitions.

Navios Holdings and Navios Partners have subscribed for USD 15 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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >