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Monaco - 14 February 2014
Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that it has priced its follow-on public offering of 13,000,000 shares of its common stock at $3.85 per share. Navios Acquisition granted the underwriters a 30-day option to purchase an additional 1,950,000 shares of common stock. Navios Acquisition expects to use the net proceeds from the public offering for working capital and other general corporate purposes, including the repayment of outstanding indebtedness and/or the acquisition of vessels, although no such acquisitions are pending or have been identified. The offering is expected to close on February 20, 2014.
Navios Acquisition's common stock trades on the New York Stock Exchange under the symbol "NNA".
The joint book-running managers for this offering are Citigroup, RS Platou Markets, Inc. and Deutsche Bank Securities, and the co-manager is S. Goldman Capital LLC.
When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (800) 831-9146); RS Platou Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel Lucas (tel. (855) 864-2265) or by e-mail to office@platou.com; and Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836 (tel: (800) 503-4611) or by email at: prospectus.CPDG@db.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.
Navios Maritime Acquisition Corporation Announces Public Offering of 12,000,000 Shares of Common Stock
Monaco - 13 February 2014
Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that it plans to offer 12,000,000 shares of its common stock in a public offering. Navios Acquisition expects to grant the underwriters a 30-day option to purchase an additional 1,800,000 shares of common stock. Navios Acquisition expects to use the net proceeds from the public offering for working capital and other general corporate purposes, including the repayment of outstanding indebtedness and/or the acquisition of vessels, although no such acquisitions are pending or have been identified.
Navios Acquisition's common stock trade on the New York Stock Exchange under the symbol "NNA".
The joint book-running managers for this offering are Citigroup, RS Platou Markets, Inc. and Deutsche Bank Securities, and the co-manager is S. Goldman Capital LLC.
When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (800) 831-9146); RS Platou Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel Lucas (tel: (855) 864-2265) or by e-mail to office@platou.com; and Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836 (tel: (800) 503-4611) or by email at: prospectus.CPDG@db.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.
About Navios Maritime Acquisition Corporation
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.
Source: Navios Maritime Acquisition Corporation