Navios Maritime Acquisition Corporation announced yesterday the closing of its previously announced offerings, raising approximately $78.5 million of gross proceeds. This closing, in the aggregate with the previously completed registered direct offering, issued 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 offerings were completed as follows:
– The first registered direct offering of 7,719,300 shares of common stock closed on February 21, 2013 and raised approximately $22.0 million of gross proceeds.
– The second registered direct offering of 9,825,000 shares of common stock closed today and raised approximately $28.0 million of gross proceeds.
– In addition, Navios Maritime Holdings Inc. (“Navios Holdings”) and certain members of management of the Navios Group of companies purchased today from Navios Acquisition an aggregate of 17,702,491 shares of common stock in a private placement that raised approximately $50.5 million of gross proceeds.
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.
Navios Holdings currently owns approximately 47.4% of Navios Acquisition.
RS Platou Markets, Inc. acted as the sole lead manager in the offerings. RS Platou Markets AS and S. Goldman Capital LLC acted as placement agents in the offerings. DVB Capital Markets LLC and Global Hunter Securities, LLC acted as co-managers in the offerings.
The Company’s common shares trade on the New York Stock Exchange under the symbol “NNA.”
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Navios Maritime Acquisition, February 27, 2013