Navios Acquisition Prices

Today, Navios Maritime Acquisition announced the company, and its wholly owned finance subsidiary, Navios Acquisition Finance (US) Inc., priced its private placement of 7-year $400 million first priority ship mortgage notes at 8.625%. The offering was upsized by $25 million, with the yield tighter than the price talk of 8.75%. The notes will be guaranteed by each of the company’s direct and indirect subsidiaries, and will be secured by first mortgages on the recently acquired six VLCCs.

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