Navios Maritime Acquisition Corporation announced today the closing of its previously announced placement, issuing a total of 25,974,026 shares of common stock, at a price of $3.85 per share, raising approximately $100.0 million of gross proceeds, said in the company's press release.
The placement included a registered direct offering of 12,987,013 shares of common stock which raised approximately $50.0 million of gross proceeds and a placement of 12,987,013 shares of common stock to Navios Maritime Holdings Inc. ("Navios Holdings") which raised approximately $50.0 million of gross proceeds.
Navios Acquisition expects to use the net proceeds of the placements for working capital and other general corporate purposes, including the repayment of outstanding indebtedness and/or the acquisition of vessels, although no such acquisitions are pending or have been identified. After the closing announced today, Navios Holdings owns approximately 48.5% of Navios Acquisition.
RS Platou Markets, Inc. acted as the sole lead manager in the registered direct offering. RS Platou Markets AS and S. Goldman Capital LLC acted as lead placement agents in the registered direct offering. ABN AMRO Securities (USA) LLC, DVB Capital Markets LLC, Clarkson Capital Markets LLC and BNP Paribas Securities Corp. acted as co-placement agents in the registered direct offering.
The Company's common shares trade on the New York Stock Exchange under the symbol "NNA."
Navios Acquisition is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.