The New York-listed tanker owner, a spin-off of AngelikiFrangou-led Navios Maritime Holdings, will pay interest of nearly 8.13% on thenotes.
The debt securities are due in 2021 and are backed by firstpriority mortgages on 11 ships in Navios Acquisition’s fleet.
The Piraeus-based owner will use some of the proceeds fromthe sale to replace cashed used to pay for the 297,491-dwt newbuilding Nave BuenaSuerte, which it received earlier this month.
The
