Navios Maritime Containers Inc. Announces $50.0 Million Private Placement at $5.0 per Share

MONACO, Aug. 25, 2017 -- Navios Maritime Containers Inc. (“Navios Containers”), a growth vehicle dedicated to the container sector, announced today that it has agreed with investors to sell 10.0 million of its common shares for an aggregate of $50.0 million of gross proceeds at a subscription price of $5.0 per common share. Navios Containers intends to use the proceeds for vessel acquisitions, working capital and general corporate purposes.  The offering is expected to close on August 29, 2017. 

Navios Maritime Partners L.P. (“Navios Partners”) will invest $10.0 million in the private placement and will own 40% of the equity post-closing of the private placement. Each of Navios Partners and Navios Maritime Holdings Inc. (“Navios Holdings”) will also receive warrants, with a five-year term, for 6.8% and 1.7% of the newly issued equity respectively.

Clarksons Platou Securities AS acted as the Lead Manager and Sole Bookrunner, Fearnley Securities acted as the Senior Manager and S. Goldman Advisors LLC acted as Structuring Advisor.

About Navios Maritime Containers Inc.

Navios Maritime Containers Inc. is a growth vehicle dedicated to the container sector of the maritime industry.  For more information, please visit our website at www.navios-containers.com.

Forward-Looking Statements

This press release contains forward-looking statements concerning future events including the closing of the offering; future vessel acquisitions and entering into further time charters. Words such as “may”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates”, and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Containers at the time these statements were made. Although Navios Containers believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Containers. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to the completion of the Fleet acquisition on the anticipated timing or at all, the quality of the Fleet and the market for the Fleet vessels, and changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, as well as general domestic and international political conditions. Navios Containers expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Containers’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Containers makes no prediction or statement about the performance of its common units.

Contact

Public & Investor Relations Contact:
Navios Maritime Containers, Inc.
+1.212.906.8648
[email protected]