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Saturday, 26 August 2017 16:07

Navios Maritime Containers Inc. Announces $50.0 Million Private Placement at $5.0 per Share

MONACO, August 25, 2017 – 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.navioscontainers.com.

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