Navios Maritime Acquisition Corporation Announces Placement of Common Stock
Raising Approximately $100.5 Million of Gross Proceeds
Piraeus, Greece - 21 Feb 2013
The offerings were conducted as follows:
• The first registered direct offering of 7,719,300 shares of common stock closed today, raising approximately $22.0 million of gross proceeds.
• The second registered direct offering of 9,825,000 shares of common stock priced today and will raise approximately $28.0 million of gross proceeds. The closing of the second registered direct offering is expected to occur on February 26, 2013.
• In addition, Navios Maritime Holdings Inc. ("Navios Holdings") and certain members of management of the Navios Group of companies have agreed to purchase from Navios Acquisition an aggregate of 17,702,491 shares of common stock in a private placement and will raise approximately $50.5 million of gross proceeds. The closing is expected to occur on February 26, 2013.
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.
Upon the closing of the offerings contemplated herein, Navios Acquisition will have raised approximately $100.5 million in gross proceeds, and Navios Holdings will own approximately 47.4% of Navios Acquisition.
RS Platou Markets, Inc. is the sole lead manager in the offerings. RS Platou Markets AS and S. Goldman Capital LLC are acting as placement agents in the offerings. DVB Capital Markets LLC and Global Hunter Securities, LLC are acting as co-managers in the offerings.
The Company's common shares trade on the New York Stock Exchange under the symbol "NNA."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission (the "SEC") and will be available on the SEC's website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from RS Platou Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel Lucas (or by e-mail at office@platou.com).
About Navios Acquisition
Navios Acquisition (NYSE: NNA) is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.
For more information about Navios Acquisition, please visit our website: www.navios-acquisition.com.
Source: Navios Maritime Acquisition Corporation