Splash 247

Navios raises $75m to finance Rickmers fleet buy

Navios raises $75m to finance Rickmers fleet buy

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 56
            [name] => Containers
            [slug] => containers
            [term_group] => 0
            [term_taxonomy_id] => 56
            [taxonomy] => category
            [description] => This is the Splash 24/7 news archive related to containers sector coming from all over the world. They're sorted by release date, from the latest to the oldest. 

Get the updated list of the latest news about containers. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 54
            [count] => 1695
            [filter] => raw
            [cat_ID] => 56
            [category_count] => 1695
            [category_description] => This is the Splash 24/7 news archive related to containers sector coming from all over the world. They're sorted by release date, from the latest to the oldest. 

Get the updated list of the latest news about containers. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Containers
            [category_nicename] => containers
            [category_parent] => 54
        )

    [1] => WP_Term Object
        (
            [term_id] => 70
            [name] => Europe
            [slug] => europe
            [term_group] => 0
            [term_taxonomy_id] => 70
            [taxonomy] => category
            [description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 55
            [count] => 5273
            [filter] => raw
            [cat_ID] => 70
            [category_count] => 5273
            [category_description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Europe
            [category_nicename] => europe
            [category_parent] => 55
        )

)

Navios Maritime Containers, the newly formed unit of Navios Maritime Partners, has agreed with investors to sell approximately 15m of its shares in a private placement to raise $75m.

Navios Maritime Containers intends to use the proceeds to acquire the 14 vessel container fleet, after Navios Maritime Partners recently agreed to purchase the entire fleet of liquidating Rickmers Maritime for $113m. It will also use funds for further vessel acquisitions, working capital and general corporate purposes.  The offering is expected to close around June 1.

Navios Maritime Partners will invest $30m and receive 40% of the equity, while Navios Maritime Holdings will invest $5m and take a 6.67% stake of Navios Maritime Containers. Navios Partners and Navios Holdings will also receive warrants, with a five-year term, for 6.8% and 1.7% of the equity, respectively.

The Rickmers vessels are expected to be delivered starting from next week.

Navios Maritime Containers also intends to file an application to register on the Norwegian Over-The-Counter market (N-OTC) and it expects to be registered around June 1.

Share this article

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts