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Navios Maritime Acquisition plans share offer

Navios Maritime Acquisition plans share offer
Another part of the Navios group, Navios Maritime Acquisition is launching a public share offering.

Navios Acquisition is planning to sell 12m shares, and also expects underwriters a 30-day option to purchase 1.8m additional shares. The company said net proceeds would be used for working capital, to repay debts, and possible vessel purchases although no such purchases had been identified at this time.

Th joint book-running managers for this offering are Citigroup, RS Platou Markets, and Deutsche Bank Securities, and the co-manager is S. Goldman Capital.

It is the second Navios company to launch an offering this week after Navios Maritime Partners announced plans for a share offer on Monday.