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Navios Maritime Container Closes USD 118m Acquisition of 14 Container Vessels
Friday 11 August 2017

11 August 2017 - Greece-based drybulk and container vessel owner and operator Navios Maritime Partners L.P. (NYSE: NMM) has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet, the company said.

Navios Containers acquired the 14 vessels for a total purchase price of USD 118m plus certain delivery and other operating costs.

The Fleet was partially financed through two loan facilities of USD 61m in aggregate, including a previously announced USD 40m facility, and a recently completed USD 21m facility.

Following this acquisition, Navios Containers controls a fleet of 14 vessels, totaling 57,100 TEU and the current average age of the fleet is 9.7 years.

Navios Maritime Containers is a growth vehicle focused on the container sector of the maritime industry.
Details
Date Published: 11/08/2017
Target: 14 container vessels fleet
Country: USA
Deal Size: 118m (USD)
Sector: Water Transport
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Navios Maritime Partners
Comment:
Terms of the deal were not disclosed

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