(“Navios Buy Shipping Buy Shipping Container Nashville Nashville”) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced today that it 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 “Fleet”).

Navios Buy Shipping Buy Shipping Container Nashville Nashville acquired the 14 vessels for a total purchase price of $118.0 million plus certain delivery and other operating costs.

The Fleet was partially financed through two loan facilities of $61.0 million in aggregate, including a previously announced $40.0 million facility, and a recently completed $21.0 million facility.

Fleet Update
Following this acquisition, Navios Buy Shipping Buy Shipping Container Nashville Nashville controls a fleet of 14 vessels, totaling 57,100 TEU and the current average age of the fleet is 9.7 years.

Vessel NameTEUYear Built
MOL Devotion4,2502009
MOL Destiny4,2502009
MOL Dominance4,2502008
MOL Delight4,2502008
MOL Dedication4,2502008
Navios Amaranth4,2502007
Navios Indigo4,2502007
Navios Vermillion4,2502007
Navios Verde4,2502007
Navios Amarillo4,2502007
Navios Azure4,2502007
Navios Spring3,4502007
Navios Summer3,4502006
Navios Verano3,4502006
57,100

About Navios Maritime Buy Shipping Buy Shipping Container Nashville Nashville Inc.
Navios Maritime Buy Shipping Buy Shipping Container Nashville Nashville 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 financing of the acquisition of the Fleet, the acquisition of the remaining Fleet, the transfer of the Fleet and the benefits of the acquisition of the Fleet; including expected vessel acquisitions and entering into further time charters, as well as expected financial performance of the Fleet. 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 Buy Shipping Buy Shipping Container Nashville Nashville at the time these statements were made. Although Navios Buy Shipping Buy Shipping Container Nashville Nashville 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 Buy Shipping Buy Shipping Container Nashville Nashville. 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 remaining Fleet’s 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 Buy Shipping Buy Shipping Container Nashville Nashville 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 Buy Shipping Buy Shipping Container Nashville Nashville’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Buy Shipping Buy Shipping Container Nashville Nashville makes no prediction or statement about the performance of its common units.

Source: https://globenewswire.com
2017-08-10

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