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Navios Maritime Acquisition plans share offer

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

Marcus Hand, Editor

February 14, 2014

1 Min Read
Kalyakan - stock.adobe.com

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.

 

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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