Navios Maritime Acquisition Corporation Agrees to Acquire Five Vessels in Liquidation of Navios Europe I
Navios Maritime Acquisition Corporation Common stock (NNA)
Last navios maritime acquisition corporation common stock earnings: 11/7 08:00 am
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Source: GlobeNewswire
MONACO, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vessels, announced the agreement to acquire five product tankers (the “Acquisition”) in liquidation of Navios Europe I Inc (“Navios Europe I”). On November 22, 2019, an agreement was reached to liquidate Navios Europe I. As of September 30, 2019, Navios Acquisition had a receivable of $32.3 million from Navios Europe I. This receivable along with debt financing will be used to finance the Acquisition. The agreement is subject to definitive documentation which is expected to be completed by the end of 2019. The five product tankers owned by Navios Europe I that are included in the Acquisition are: VesselsTypeBuiltDWTCharter Rate, net ($)Expected Expiration DatePerseus NMR1 Tanker200936,26411,35604/2020Star NMR1 Tanker200937,87211,85001/2020Hector NMR1 Tanker200838,40211,85001/2020Aurora NLR1 Tanker200863,495Floating rate02/2020Lum
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