Navios Maritime Containers Inc. Announces $50.0 Million Private Placement at $5.0 per Share
August 25 2017 - 9:27AM
Navios Maritime Containers Inc. (“Navios Containers”), a growth
vehicle dedicated to the container sector, announced today that it
has agreed with investors to sell 10.0 million of its common shares
for an aggregate of $50.0 million of gross proceeds at a
subscription price of $5.0 per common share. Navios Containers
intends to use the proceeds for vessel acquisitions, working
capital and general corporate purposes. The offering is
expected to close on August 29, 2017.
Navios Maritime Partners L.P. (“Navios
Partners”) will invest $10.0 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 Inc. (“Navios
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.
About Navios Maritime Containers
Inc.
Navios Maritime Containers Inc. is a growth
vehicle dedicated to the container sector of the maritime
industry. For more information, please visit our website at
www.navios-containers.com.
Forward-Looking Statements
This press release contains forward-looking
statements concerning future events including the closing of the
offering; future vessel acquisitions and entering into further time
charters. Words such as “may”, “expects”, “intends”, “plans”,
“believes”, “anticipates”, “hopes”, “estimates”, and variations of
such words and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
based on the information available to, and the expectations and
assumptions deemed reasonable by Navios Containers at the time
these statements were made. Although Navios Containers believes
that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations
will prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of Navios
Containers. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but
are not limited to, risks relating to the completion of the Fleet
acquisition on the anticipated timing or at all, the quality of the
Fleet and the market for the Fleet vessels, and changes in the
availability and costs of funding due to conditions in the bank
market, capital markets and other factors, as well as general
domestic and international political conditions. Navios Containers
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in Navios Containers’
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based. Navios
Containers makes no prediction or statement about the performance
of its common units.
Contact
Public & Investor Relations Contact:
Navios Maritime Containers, Inc.
+1.212.906.8648
Investors@navios-containers.com
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