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Navios Maritime Acquisition Corp Announces Placement Of Common Stock


Thursday, 21 Feb 2013 09:05am EST 

Navios Maritime Acquisition Corp announced multiple offerings, including registered direct offerings, of a total of 35,246,791 shares of common stock, at a price of $2.85 per share, representing gross proceeds of approximately $100.5 million. The first registered direct offering of 7,719,300 shares of common stock closed on February 21, 2013, raising approximately $22.0 million of gross proceeds. The second registered direct offering of 9,825,000 shares of common stock priced on February 21, 2013 and will raise approximately $28.0 million of gross proceeds. The closing of the second registered direct offering is expected to occur on February 26, 2013. In addition, Navios Maritime Holdings Inc. (Navios Holdings) and certain members of management of the Navios Group of companies have agreed to purchase from Navios Acquisition an aggregate of 17,702,491 shares of common stock in a private placement and will raise approximately $50.5 million of gross proceeds. The closing is expected to occur on February 26, 2013. Navios Acquisition expects to use the net proceeds of the offerings for working capital and other general corporate purposes, including the repayment of outstanding indebtedness. RS Platou Markets, Inc. is the sole lead manager in the offerings. RS Platou Markets AS and S. Goldman Capital LLC are acting as placement agents in the offerings. DVB Capital Markets LLC and Global Hunter Securities, LLC are acting as co-managers in the offerings. 

Company Quote

3.32
-0.02 -0.60%
11 Jul 2014