Navios Maritime Containers sold 10 million of its shares listed in the Oslo Over-the-Counter market at $5 each.
Navios Containers is the latest equity vehicle in the Navios empire, housing 14 containerships bought earlier this year from Rickmers Maritime Trust.
The fleet could be expanded as Navios Container says the proceeds could be used for vessel acquisitions.
The assets were wrapped up into Navios Containers, which raised $50.3m in its initial listing on Norway's OTC exchange. The Angeliki Frangou-led company now has a market value of $100m with another $21m in debt.
Its New York-listed sponsors, Navios Maritime Partners and Navios Maritime Holdings, will inject $10m in the new capital raise, bringing their ownership stake in Navios Containers up to 40% post close.
Navios Partners and Navios Holdings will also receive warrants, with a five-year term, for 6.8% and 1.7% of the newly issued equity respectively.
The offering is expected to close on 29 August.
Clarksons Platou Securities led the offering and is its sole bookrunner. Fearnley Securities is the senior manager and S. Goldman Advisors is the structuring advisor.
