Navios Maritime Containers Inc. (“Navios Containers” or the “Company”) (NOTC: NMCI), a growth vehicle dedicated to the container sector, announced today that it has agreed to acquire five containerships for a total purchase price of $246.0 million.
The Company expects to take delivery of all five vessels in the third quarter of 2018. Based on existing charters and the current rate environment, the five containerships are expected to generate approximately $35.3 million of aggregate
EBITDA over the next twelve months(1).
Navios Containers also acquired options for an additional four containerships for a purchase price of $36.0 million per vessel. All of the acquisitions are subject to certain conditions, and there can be no assurances that these acquisitions will occur in whole or in part. In addition, we may be unable to secure debt financing for these acquisitions on terms satisfactory to us, or at all.