Navios Maritime Containers Inc., a growth vehicle dedicated to the container sector, has closed the previously announced private placement and the acquisition of five container vessels and rights to the remaining fleet of Rickmers Maritime Trust Pte. , the company said in its press release.
Private Placement Navios Containers issued approximately 10 m illion shares for $50.3 million of gross proceeds at a subscription price of $5.00 per share. Navios Maritime Partners L.P. (“Navios Partners”) invested $30.0 million a nd received about 60% of the equity, and Navios Maritime Holdings Inc. invested $5.0 million and received about 10% of the equity of Navios Containers.
Each of Navios Partners and Navios Holdings also received warrants, with a five-year term, for 6.8% and 1.7% of the equity, respectively. Fearnley Securities acted as the sole lead manager for the private placement and S. Goldman Advisors LLC acted as structuring advisor.