Navios Maritime Partners provides update for acquisition of 14-vessel container fleet from Rickmers Maritime
Navios Maritime Partners L.P. an international owner and operat or of drybulk and container vessels, announced today that it plans to transfer to Navios Maritime Containers Inc., an affiliate, the 14-vessel container fleet that Navios Partners agreed to acquire from Rickmers Ma ritime, the company said in its press release.
It is expected that Navios Partners will transfer the Fleet to NMCI at Navios Partners’ cost plus $5.0 million and in vest $30.0 million in return for equity. Navios Partners will also receive a warrant, with a five-year term, exercisable for an additional 6.8% equity interest in NMCI.
It is also expected that Navios Maritime Holdings Inc. will invest $5.0 million in excha nge for equity. Navios Holdings will also receive a warrant, with a five-year term, exercisable for an additional 1.7% equity interest in NMCI. The fleet vessels are expected to be delivered starting the week of May 15, 2017. The acquisition is subject to a number of conditions, and no assurance can be provided that the acquisition will close at all or in part.
About Navios Maritime Partners L.P.
Navios Partners is a publicly traded master limited partnership which owns and operates container and dry bulk vessels.