As part of the offering, which is expected to close on 25 September, underwriters have a 30-day option to purchase an additional 750,000 shares.
Proceeds from the public offering, which follows a series of fundraising efforts by greek owners this year, will be used to fund Navios' fleet expansion, and for "general partnership purposes".
Citigroup, Wells Fargo Securities, JP Morgan and Deutsche Bank Securities are joint book-running managers for the offering, with co-managers S Goldman Capital, DVB Capital Markets , ABN AMRO, Stifel and Global Hunter Securities.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
