Navios Maritime Acquisition Corp is selling a further chunk of equity to help cover the day-to-day business costs.
The Monaco-based tanker owner has priced an offering of 1.88 million shares of common stock for an aggregate of about $15m in a registered direct offering at $8 per share.
The offering, set to close on or about 24 October, expects to make $14m, to be put toward "general corporate purposes", the company said.
Fearnley Securities acted as sole lead manager for the offering while S. Goldman Advisors and Fearnley Securities acted as lead placement agents.
In August, the New York-listed company announced sale-and-leaseback deals for 10 product tankers on its fleet as part of a refinancing drive.
The Angeliki Frangou-led owner said the transactions for seven MRs and three LR1s gave the company $153m in liquidity.
