Navios Maritime Holdings Inc. Announces Pricing of Initial Public Offering of Navios Maritime Acquisition Corporation
26 6월 2008 - 9:21AM
PR Newswire (US)
PIRAEUS, Greece, June 25 /PRNewswire-FirstCall/ -- Navios Maritime
Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today the
pricing of the initial public offering of 22,000,000 units of
Navios Maritime Acquisition Corporation ("Navios Acquisition")
(NYSE:NNA.U) at a price of $10.00 per unit, for aggregate gross
proceeds of $220,000,000. Navios Holdings has agreed to invest a
total of $7,600,000 in a private placement of warrants to occur
simultaneously with the closing of the initial public offering.
Following the public offering, Navios Holdings expects to own
approximately 19% of the common shares of Navios Acquisition. Each
unit consists of one share of common stock and one warrant that
entitles the holder to purchase one share of common stock under the
terms and conditions described in the Registration Statement. The
net proceeds of the offering will be held in trust pending the
completion of an acquisition. J.P. Morgan Securities Inc. and
Deutsche Bank Securities Inc. acted as joint bookrunning managers
and S. Goldman Advisors LLC acted as the co-manager for the initial
public offering. A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on June 25, 2008. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. A copy of the
prospectus relating to these securities may be obtained from J.P.
Morgan Securities Inc., 4 Chase Metrotech Center, CS Level,
Brooklyn, NY 11245, Attention: Prospectus Department; telephone:
(718) 242-8002, or e-mail at or from Deutsche Bank Securities Inc.,
Attention: Prospectus Department, 100 Plaza One, Jersey City, New
Jersey 07311, telephone: (800) 503-4611 or e-mail at . For full
details please refer to the Registration Statement filed by Navios
Acquisition which can be found at http://www.sec.gov/. About Navios
Maritime Holdings Inc. Navios Maritime Holdings Inc. is a global,
vertically integrated seaborne shipping and logistics company
focused on the transport and transshipment of drybulk commodities
including iron ore, coal and grain. Navios Holdings may, from time
to time, be required to offer certain owned Capesize and Panamax
vessels to Navios Maritime Partners L.P. for purchase at fair
market value according to the terms of the Omnibus Agreement. For
more information about Navios Holdings please visit our website:
http://www.navios.com/. About Navios Maritime Acquisition
Corporation Navios Maritime Acquisition Corporation is a newly
organized special purpose acquisition company formed for the
purpose of acquiring, through a merger, capital stock exchange,
asset acquisition, stock purchase or other similar business
combination, one or more assets or operating businesses in the
marine transportation and logistics industries. The Company's units
trade on the NYSE under the symbol NNA.U. Forward Looking
Statements - Safe Harbor This press release contains
forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) concerning future
events and Navios Holdings' growth strategy and measures to
implement such strategy; including expected vessel acquisitions and
entering into further time charters. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes,"
"estimates," and variations of such words and similar expressions
are intended to identify forward-looking statements. Such
statements include comments regarding expected revenues and time
charters. Although Navios Holdings 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 Holdings. 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
changes in the demand for dry bulk vessels, competitive factors in
the market in which Navios Holdings operates; the successful
consummation of Navios Acquisition's public offering and the
related private placement; Navios Acquisition's performance
following its public offering; risks associated with operations
outside the United States; and other factors listed from time to
time in Navios Holdings' filings with the Securities and Exchange
Commission. Navios Holdings expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Navios Holdings' expectations with respect thereto or any change
in events, conditions or circumstances on which any statement is
based. Public & Investor Relations Contact: Navios Maritime
Holdings Inc. Investor Relations +1.212.279.8820 DATASOURCE: Navios
Maritime Holdings Inc. CONTACT: Investor Relations, Navios Maritime
Holdings Inc., +1-212-279-8820, Web site: http://www.navios.com/
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