Navios Maritime Midstream Partners L.P. Completes Initial Public Offering

Navios Maritime Midstream Partners L.P., a recently formed subsidiary of Navios Maritime Acquisition Corporation and owner and operator of tanker vessels, announced today that it has closed its initial public offering of 8,100,000 common units representing approximately 42.5\% of the limited partner interest in Navios Midstream at a price of $15.00 per unit. Navios Midstream has granted the underwriters a 30-day option to purchase up to an additional 1,215,000 common units.

Following the closing of the initial public offering, Navios Acquisition owns approximately 55.5\% of the limited partner interest and the 2.0\% general partner interest in Navios Midstream. The common units began trading on November 13, 2014, on the New York Stock Exchange under the symbol “NAP.”
Source: Navios Maritime Acquisition