Navios Maritime Acquisition Corp.
Form 424B3
NAVIOS MARITIME ACQUISITION CORP filed this Form 424B3 on 11/15/2018
Document Outline
Entire Document (6219.4 KB)
Subdocument 1 - 424B3 - 424B3
Page 1 - Filed Pursuant to Rule 424(b)(3)
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - QUESTIONS AND ANSWERS
Page 5 - If you do not properly make an election in respect of your Navios Midstream Public Units by sending
Page 6 - Q. Is a vote of the Navios Acquisition stockholders required in order for Navios Acquisition to issu
Page 7 - Q. What if my Navios Midstream Public Units are certificated, but I cannot find the certificates?
Page 8 - SUMMARY
Page 9 - Navios Maritime Midstream Partners GP LLC
Page 10 - Description of the Navios Acquisition Series E Preferred Stock
Page 11 - Election Procedures (page 63)
Page 12 - Opinion of Financial Advisor to Navios Midstream s Conflicts Committee (page 47)
Page 13 - opinion of counsel to the effect that the Merger will qualify for the Intended Tax Treatment. In add
Page 14 - When the Merger Becomes Effective
Page 15 - Termination
Page 16 - Other Information Related to the Merger
Page 17 - SELECTED CONSOLIDATED HISTORICAL FINANCIAL DATA OF NAVIOS ACQUISITION
Page 18 - N/A
Page 19 - SELECTED CONSOLIDATED HISTORICAL FINANCIAL DATA OF NAVIOS MIDSTREAM
Page 20 - N/A
Page 21 - SUMMARY UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION
Page 22 - Statement of Operations
Page 23 - COMPARATIVE PER SHARE AND PER UNIT DATA
Page 24 - N/A
Page 25 - COMPARATIVE PER SHARE AND PER UNIT MARKET PRICE INFORMATION
Page 26 - RISK FACTORS
Page 27 - If you elect (or are deemed to have elected) to receive Preferred Stock Consideration instead of Com
Page 28 - The Merger is subject to closing conditions that, if not satisfied or waived, will result in the Mer
Page 29 - The successful execution of the integration strategy following the consummation of the Merger will i
Page 30 - N/A
Page 31 - N/A
Page 32 - Navios Acquisition could be materially adversely affected by violations of the U.S. Foreign Corrupt
Page 33 - Additional Risk Factors
Page 34 - CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Page 35 - N/A
Page 36 - WRITTEN CONSENTS OF HOLDERS OF NAVIOS MIDSTREAM COMMON UNITS
Page 37 - THE MERGER
Page 38 - Background of the Transaction
Page 39 - N/A
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - Resolution of Conflict of Interest; Standards of Conduct and Modification of Duties
Page 45 - Reasons for the Navios Midstream Conflicts Committee s Recommendation
Page 46 - N/A
Page 47 - N/A
Page 48 - N/A
Page 49 - Unaudited Financial Projections of Navios Acquisition and Navios Midstream
Page 50 - Opinion of Financial Advisor to Navios Midstream s Conflicts Committee
Page 51 - undertaken by Piper Jaffray in rendering its opinion, and is attached hereto as Annex C. You are enc
Page 52 - N/A
Page 53 - Merger Analysis
Page 54 - Analysis of Navios Midstream
Page 55 - N/A
Page 56 - N/A
Page 57 - Analysis of Navios Acquisition
Page 58 - N/A
Page 59 - Analysis of the Combined Company
Page 60 - N/A
Page 61 - N/A
Page 62 - General
Page 63 - Reasons for the Approval of the Navios Acquisition Board
Page 64 - N/A
Page 65 - Interests of Navios Midstream s Directors and Officers in the Merger
Page 66 - Director and Officer Indemnification and Insurance
Page 67 - Listing of Navios Acquisition Common Stock and Navios Acquisition Series E Preferred Stock to be Iss
Page 68 - UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION
Page 69 - Unaudited Pro Forma Condensed Combined Balance Sheet
Page 70 - Unaudited Pro Forma Condensed Combined Statement of Operations
Page 71 - Unaudited Pro Forma Condensed Combined Statement of Operations
Page 72 - Pro Forma Adjustments
Page 73 - N/A
Page 74 - MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE MERGER
Page 75 - However, the completion of the Merger is not conditioned upon the receipt of an opinion of counsel t
Page 76 - N/A
Page 77 - THE MERGER AGREEMENT
Page 78 - When the Merger Becomes Effective
Page 79 - Exchange of Units
Page 80 - Conditions to the Merger
Page 81 - Representations and Warranties
Page 82 - Covenants and Other Agreements
Page 83 - N/A
Page 84 - Indemnification and Insurance
Page 85 - Amendment and Waiver
Page 86 - DESCRIPTION OF NAVIOS ACQUISITION CAPITAL STOCK
Page 87 - Series E Preferred Stock
Page 88 - N/A
Page 89 - N/A
Page 90 - N/A
Page 91 - Registration Rights
Page 92 - Dividends
Page 93 - Transfer Agent
Page 94 - COMPARISON OF STOCKHOLDER AND UNITHOLDER RIGHTS
Page 95 - N/A
Page 96 - N/A
Page 97 - N/A
Page 98 - N/A
Page 99 - N/A
Page 100 - N/A
Page 101 - N/A
Page 102 - N/A
Page 103 - N/A
Page 104 - N/A
Page 105 - N/A
Page 106 - N/A
Page 107 - N/A
Page 108 - REPUBLIC OF MARSHALL ISLANDS COMPANY CONSIDERATIONS
Page 109 - N/A
Page 110 - N/A
Page 111 - N/A
Page 112 - ENFORCEABILITY OF NAVIOS ACQUISITION CIVIL LIABILITIES
Page 113 - LEGAL MATTERS
Page 114 - EXPERTS
Page 115 - WHERE YOU CAN FIND MORE INFORMATION
Page 116 - Annex A
Page 117 - TABLE OF CONTENTS
Page 118 - EXHIBIT
Page 119 - AGREEMENT AND PLAN OF MERGER
Page 120 - N/A
Page 121 - N/A
Page 122 - N/A
Page 123 - N/A
Page 124 - N/A
Page 125 - N/A
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Page 156 - N/A
Page 157 - N/A
Page 158 - N/A
Page 159 - N/A
Page 160 - N/A
Page 161 - Annex B
Page 162 - N/A
Page 163 - N/A
Page 164 - N/A
Page 165 - N/A
Page 166 - N/A
Page 167 - N/A
Page 168 - N/A
Page 169 - Annex C
Page 170 - N/A
Page 171 - N/A
Page 172 - N/A
Page 173 - Annex D
Page 174 - TABLE OF CONTENTS
Page 175 - FORWARD-LOOKING STATEMENTS
Page 176 - N/A
Page 177 - PART I
Page 178 - N/A
Page 179 - N/A
Page 180 - RISK FACTORS
Page 181 - N/A
Page 182 - Spot market rates for tanker vessels are highly volatile and may decrease in the future, which may m
Page 183 - An oversupply of tanker vessel capacity may lead to reductions in charter hire rates, vessel values
Page 184 - Charter rates in the crude oil tankers sector in which we operate and in the product and chemical ta
Page 185 - Delays in deliveries of second-hand vessels, our decision to cancel an order for purchase of a vesse
Page 186 - Our growth depends on continued growth in demand for crude oil, refined petroleum products (clean an
Page 187 - We may be unable to make or realize expected benefits from acquisitions, and implementing our growth
Page 188 - If we fail to manage our planned growth properly, we may not be able to expand our fleet successfull
Page 189 - We may face unexpected maintenance costs, which could materially adversely affect our business, fina
Page 190 - The market values of tanker vessels have declined from historically high levels and may fluctuate si
Page 191 - Future increases in vessel operating expenses, including rising fuel prices, could materially advers
Page 192 - A decrease in the level of China s imports of crude oil or petroleum products or a decrease in oil t
Page 193 - The employment of our vessels could be adversely affected by an inability to clear the oil majors ri
Page 194 - We depend on significant customers for part of our revenue. Charterers may terminate or default on t
Page 195 - We are subject to inherent operational risks that may not be adequately covered by our insurance. If
Page 196 - We are subject to various laws, regulations and conventions, including environmental and safety laws
Page 197 - N/A
Page 198 - N/A
Page 199 - Climate change and government laws and regulations related to climate change could negatively impact
Page 200 - N/A
Page 201 - We are subject to vessel security regulations and we incur costs to comply with adopted regulations.
Page 202 - Our international activities increase the compliance risks associated with economic and trade sancti
Page 203 - N/A
Page 204 - We could be materially adversely affected by violations of the U.S. Foreign Corrupt Practices Act, t
Page 205 - Increased inspection procedures and tighter import and export controls could increase costs and disr
Page 206 - The smuggling of drugs or other contraband onto our vessels may lead to governmental claims against
Page 207 - Acts of piracy on ocean-going vessels have increased in frequency and magnitude, which could adverse
Page 208 - Governments could requisition vessels of a target business during a period of war or emergency, resu
Page 209 - N/A
Page 210 - As international tank companies often generate most or all of their revenues in U.S. dollars but inc
Page 211 - Navios Holdings may compete directly with us, causing certain officers to have a conflict of interes
Page 212 - Risks Related to Our Common Stock and Capital Structure
Page 213 - Anti-takeover provisions in our amended and restated articles of incorporation could make it difficu
Page 214 - Risks Related to Our Indebtedness
Page 215 - The agreements and instruments governing our indebtedness and other obligations do or will contain r
Page 216 - Our ability to generate the significant amount of cash needed to service our other indebtedness and
Page 217 - An increase or continuing volatility in interest rates would increase the cost of servicing our inde
Page 218 - We may require additional financing to acquire vessels or businesses or to exercise vessel purchase
Page 219 - Other Tax Jurisdictions
Page 220 - Item 4. Information on the Company
Page 221 - Vessel Deliveries, Acquisitions and Sales
Page 222 - B. Business Overview
Page 223 - Navios Acquisition s Fleet
Page 224 - Competitive Strengths
Page 225 - Business Strategy
Page 226 - Our Customers
Page 227 - Competition
Page 228 - Expenses
Page 229 - Oil Company Tanker Vetting Process
Page 230 - N/A
Page 231 - N/A
Page 232 - N/A
Page 233 - N/A
Page 234 - N/A
Page 235 - N/A
Page 236 - N/A
Page 237 - N/A
Page 238 - N/A
Page 239 - Risk of Loss and Liability Insurance
Page 240 - Uninsured Risks
Page 241 - Crewing and Staff
Page 242 - Affiliates included in the financial statements accounted for under the equity method:
Page 243 - D. Property, plants and equipment
Page 244 - Fleet Development
Page 245 - N/A
Page 246 - Our Charters
Page 247 - Vessels Operations
Page 248 - Administrative Services
Page 249 - A. Operating results
Page 250 - Period over Period Comparisons
Page 251 - Revenue: Revenue for the year ended December 31, 2017 decreased by $63.0 million, or 21.7%, to $227.
Page 252 - Interest income: Interest income for year ended December 31, 2017 increased by $5.3 million to $10.0
Page 253 - Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015
Page 254 - Revenue: Revenue for the year ended December 31, 2016 decreased by $23.2 million, or 7.4%, to $290.2
Page 255 - Depreciation and amortization: Depreciation and amortization amounted to $57.6 million for each of t
Page 256 - N/A
Page 257 - Cash flows for the year ended December 31, 2017 compared to the year ended December 31, 2016:
Page 258 - Cash provided by investing activities for the year ended December 31, 2017 as compared to the year e
Page 259 - Cash flows for the year ended December 31, 2016 compared to the year ended December 31, 2015:
Page 260 - Cash provided by/ (used in) investing activities for the year ended December 31, 2016 as compared to
Page 261 - Reconciliation of EBITDA and Adjusted EBITDA to Net Cash from Operating Activities
Page 262 - Long-Term Debt Obligations and Credit Arrangements
Page 263 - Guarantees
Page 264 - N/A
Page 265 - N/A
Page 266 - Sale and Leaseback Agreement
Page 267 - Critical Accounting Policies
Page 268 - N/A
Page 269 - Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. GAAP
Page 270 - N/A
Page 271 - Revenue Recognition: Revenue is recorded when services are rendered, under a signed charter agreemen
Page 272 - Pooling arrangements: For vessels operating in pooling arrangements, the Company earns a portion of
Page 273 - Recent Accounting Pronouncements
Page 274 - N/A
Page 275 - N/A
Page 276 - Item 6. Directors, Senior Management and Employees
Page 277 - Vasiliki Papaefthymiou has been our Secretary since our inception. Ms. Papaefthymiou has also served
Page 278 - Ted C. Petrone has been a member of our Board of Directors since our inception and was our President
Page 279 - Board Classes
Page 280 - Nominating committee
Page 281 - Facilities
Page 282 - Item 7. Major Stockholders and Related Party Transactions
Page 283 - Stock options and restricted shares
Page 284 - Navios Midstream
Page 285 - The Management Agreement
Page 286 - N/A
Page 287 - The Administrative Services Agreement
Page 288 - Navios Europe I
Page 289 - Navios Europe II
Page 290 - The Acquisition Omnibus Agreement
Page 291 - The Midstream Omnibus Agreement
Page 292 - Navios Containers Omnibus Agreement
Page 293 - Sale of C. Dream and Nave Celeste
Page 294 - Item 8. Financial Information
Page 295 - B. Significant Changes
Page 296 - B. Memorandum and Articles of Association
Page 297 - N/A
Page 298 - N/A
Page 299 - D. Exchange controls
Page 300 - MATERIAL INCOME TAX CONSIDERATIONS
Page 301 - We urge beneficial owners of shares of our common stock to consult their own tax advisers as to the
Page 302 - N/A
Page 303 - Taxation in Absence of Exemption
Page 304 - United States Taxation of Gain on Sale of Vessels
Page 305 - Medicare Tax below. Because the common stock of Navios Acquisition was traded on the NYSE during 201
Page 306 - N/A
Page 307 - Taxation of U.S. Holders Making a Timely QEF Election
Page 308 - Taxation of U.S. Holders Not Making a Timely QEF or Mark-to-Market Election
Page 309 - are correct. In addition, U.S. Holders should consult their tax advisers regarding the IRS informati
Page 310 - U.S. Backup Withholding Tax and Related Information Reporting Requirements
Page 311 - Item 11. Quantitative and Qualitative Disclosures about Market Risks
Page 312 - PART II
Page 313 - D. Changes in internal control over financial reporting
Page 314 - Item 16D. Exemptions from the Listing Standards for Audit Committees
Page 315 - N/A
Page 316 - N/A
Page 317 - N/A
Page 318 - N/A
Page 319 - N/A
Page 320 - Date: April 5, 2018
Page 321 - NAVIOS MARITIME ACQUISITION CORPORATION
Page 322 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 323 - N/A
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Page 372 - NAVIOS MARITIME ACQUISITION CORPORATION
Page 373 - Annex E
Page 374 - NAVIOS MARITIME ACQUISITION CORPORATION
Page 375 - Operating and Financial Review and Prospects
Page 376 - Recent Developments
Page 377 - Bareboat structure on newbuild Very Large Crude Carriers ( VLCC )
Page 378 - N/A
Page 379 - Charter Policy and Industry Outlook
Page 380 - Voyage, Time Charter and Pooling Arrangements
Page 381 - N/A
Page 382 - Period-over-Period Comparisons
Page 383 - General and administrative expenses: Total general and administrative expenses for the three month p
Page 384 - For the Nine Month Period ended September 30, 2018, as compared to the Nine Month Period ended Septe
Page 385 - General and administrative expenses: Total general and administrative expenses for the nine month pe
Page 386 - Liquidity and Capital Resources
Page 387 - Cash Flow
Page 388 - Cash provided by investing activities for the nine month period ended September 30, 2018, as compare
Page 389 - Reconciliation of EBITDA and Adjusted EBITDA to Net Cash from Operating Activities
Page 390 - N/A
Page 391 - Long-Term Debt Obligations and Credit Arrangements
Page 392 - Sale and Leaseback Agreement
Page 393 - Off-Balance Sheet Arrangements Legal Proceedings
Page 394 - Related Party Transactions
Page 395 - General and administrative expenses: Pursuant to the Administrative Services Agreement with Navios H
Page 396 - Midstream Omnibus Agreement: Navios Acquisition entered into an omnibus agreement (the Midstream Omn
Page 397 - Option Vessels: In connection with the IPO of Navios Midstream, Navios Acquisition granted options t
Page 398 - Quantitative and Qualitative Disclosures about Market Risks
Page 399 - Inflation
Page 400 - N/A
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Page 435 - NAVIOS MARITIME ACQUISITION CORPORATION
Page 436 - SIGNATURES
Page 437 - Annex F
Page 438 - TABLE OF CONTENTS
Page 439 - FORWARD-LOOKING STATEMENTS
Page 440 - N/A
Page 441 - PART I
Page 442 - A. Selected Financial Data
Page 443 - B. Capitalization and indebtedness
Page 444 - RISK FACTORS
Page 445 - Any limitation on the availability or operation of our six vessels could have a material adverse eff
Page 446 - Charter rates in the crude oil tankers sector in which we operate and in the product and chemical ta
Page 447 - Spot market rates for tanker vessels are highly volatile and may decrease in the future, which may m
Page 448 - The cyclical nature of the tanker industry may lead to volatility in charter rates and vessel values
Page 449 - An oversupply of tanker vessel capacity may lead to reductions in charter hire rates, vessel values
Page 450 - Increasing self-sufficiency in energy by the United States could lead to a decrease in imports of oi
Page 451 - Our ability to grow and to meet our financial needs may be adversely affected by our cash distributi
Page 452 - Our debt levels may limit our flexibility in obtaining additional financing and in pursuing other bu
Page 453 - Our Term Loan B contains restrictive covenants, which may limit our business and financing activitie
Page 454 - If we fail to manage our planned growth properly, we may not be able to expand our fleet successfull
Page 455 - Our future capital needs are uncertain and we may need to raise additional funds in the future.
Page 456 - We may be unable to make or realize expected benefits from acquisitions, and implementing our growth
Page 457 - Delays in deliveries of additional vessels, our decision to cancel an order for purchase of a vessel
Page 458 - All of the vessels we have acquired are second-hand vessels, and we may acquire more second-hand ves
Page 459 - Any decrease in shipments of crude oil from the Arabian Gulf or West Africa may materially adversely
Page 460 - We may face unexpected maintenance costs, which could materially adversely affect our business, fina
Page 461 - The crude oil, refined petroleum product, LPG and chemical tanker sectors are subject to seasonal fl
Page 462 - N/A
Page 463 - N/A
Page 464 - N/A
Page 465 - Climate change and government laws and regulations related to climate change could negatively impact
Page 466 - The loss of key members of our senior management team could disrupt the management of our business.
Page 467 - The Manager may on our behalf be unable to attract and retain qualified, skilled employees or crew n
Page 468 - The operation of ocean-going vessels entails the possibility of marine disasters including damage or
Page 469 - A failure to pass inspection by classification societies could result in our vessels becoming unempl
Page 470 - If we experienced a catastrophic loss and our insurance is not adequate to cover such loss, it could
Page 471 - Disruptions in world financial markets and the resulting governmental action in Europe, the United S
Page 472 - Acts of piracy on ocean-going vessels have increased in frequency and magnitude, which could adverse
Page 473 - The employment of our vessels could be adversely affected by an inability to clear the oil majors ri
Page 474 - Our international activities increase the compliance risks associated with economic and trade sancti
Page 475 - N/A
Page 476 - N/A
Page 477 - We could be materially adversely affected by violations of the U.S. Foreign Corrupt Practices Act, t
Page 478 - Political and government instability, terrorist attacks, increased hostilities or war could lead to
Page 479 - Labor interruptions and problems could disrupt our business.
Page 480 - Unitholders have limited voting rights and our partnership agreement restricts the voting rights of
Page 481 - Our officers face conflicts in the allocation of their time to our business.
Page 482 - Our partnership agreement limits our general partner s and our directors fiduciary duties to our uni
Page 483 - Our partnership agreement contains provisions that may have the effect of discouraging a person or g
Page 484 - The control of our general partner may be transferred to Navios Holdings or a third party without un
Page 485 - Our management will have broad discretion with respect to the use of the proceeds resulting from the
Page 486 - Unitholders may not have limited liability if a court finds that unitholder action constitutes contr
Page 487 - Because we are organized under the laws of the Marshall Islands and our business is operated primari
Page 488 - U.S. tax authorities could treat us as a passive foreign investment company, which could have advers
Page 489 - You may be subject to income tax in one or more non-U.S. countries, including Greece, as a result of
Page 490 - A. History and Development of the Partnership
Page 491 - Our Fleet
Page 492 - Option Vessels
Page 493 - Business Strategies
Page 494 - Our Customers
Page 495 - Management of Ship Operations, Administration and Safety
Page 496 - Oil Company Tanker Vetting Process
Page 497 - N/A
Page 498 - Uninsured Risks
Page 499 - Ship safety regulations
Page 500 - N/A
Page 501 - Greenhouse gas emissions
Page 502 - Other international regulations to prevent pollution
Page 503 - United States environmental regulations and laws governing civil liability for pollution
Page 504 - N/A
Page 505 - N/A
Page 506 - International laws governing civil liability to pay compensation or damages
Page 507 - Facilities
Page 508 - Election to be Treated as a Corporation. We have elected to be treated as a corporation for U.S. fed
Page 509 - N/A
Page 510 - The Net Basis Tax and Branch Profits Tax. If we earn U.S. Source International Transportation Income
Page 511 - The 4.0% Gross Basis Tax. If the Section 883 Exemption does not apply and the net basis tax does not
Page 512 - Term Loan B: On June 18, 2015, Navios Midstream and Navios Maritime Midstream Finance (US) Inc. ( Na
Page 513 - N/A
Page 514 - Vessel Operations
Page 515 - Administrative Services
Page 516 - A. Operating results
Page 517 - Time charter expenses: Time charter expenses for the year ended December 31, 2017 decreased by $0.3
Page 518 - Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015
Page 519 - Time charter expenses: Time charter expenses for the year ended December 31, 2016 increased by $0.4
Page 520 - B. Liquidity and Capital Resources
Page 521 - Term Loan B: On June 18, 2015, Navios Midstream and Navios Finance, as co-borrowers, completed the i
Page 522 - Cash provided by operating activities for the year ended December 31, 2017 compared to the year ende
Page 523 - Cash flows for the year ended December 31, 2016 compared to the year ended December 31, 2015:
Page 524 - Cash used in investing activities for the year ended December 31, 2016 as compared to the year ended
Page 525 - Operating Surplus
Page 526 - Borrowings
Page 527 - Possible Acquisitions of Other Vessels
Page 528 - Critical Accounting Policies
Page 529 - Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. GAAP
Page 530 - N/A
Page 531 - Revenue Recognition: Revenue is recorded: (i) when services are rendered; (ii) the Company has signe
Page 532 - Provisions
Page 533 - A. Directors and Senior Management
Page 534 - Efstratios Desypris has been our Senior Vice President Business Development and a member of our boar
Page 535 - Vasilios Mouyis has been a member of our board of directors since our inception. Mr. Mouyis has over
Page 536 - C. Board Practices
Page 537 - N/A
Page 538 - D. Employees
Page 539 - A. Major Unitholders
Page 540 - N/A
Page 541 - N/A
Page 542 - N/A
Page 543 - Management Agreement
Page 544 - N/A
Page 545 - Administrative Services Agreement
Page 546 - Share Purchase Agreement
Page 547 - Balances due from related parties: Balance due from related parties as of December 31, 2017 and Dece
Page 548 - A. Consolidated Statements and Other Financial Information
Page 549 - Minimum Quarterly Distributions
Page 550 - Subordination period
Page 551 - B. Significant Changes
Page 552 - A. Share Capital
Page 553 - D. Exchange controls
Page 554 - MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
Page 555 - U.S. Federal Income Taxation of U.S. Holders
Page 556 - Sale, Exchange or Other Disposition of Common Units
Page 557 - Taxation of U.S. Holders Making a Timely QEF Election
Page 558 - Taxation of U.S. Holders Making a Mark-to-Market Election
Page 559 - Controlled Foreign Corporation
Page 560 - Backup Withholding and Information Reporting
Page 561 - NON-UNITED STATES TAX CONSIDERATION
Page 562 - Interest Rate Risk
Page 563 - Disclosure Controls and Procedures
Page 564 - Audit Fees
Page 565 - N/A
Page 566 - N/A
Page 567 - SIGNATURES
Page 568 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 569 - Report of Independent Registered Public Accounting Firm
Page 570 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 571 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 572 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 573 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 575 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 576 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 588 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 591 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 593 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 594 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 595 - UNITED STATES
Page 596 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 597 - Operating and Financial Review and Prospects
Page 598 - Overview
Page 599 - Our Fleet
Page 600 - Option Vessels
Page 601 - Trends and Factors Affecting Our Future Results of Operations
Page 602 - Results of Operations
Page 603 - FINANCIAL HIGHLIGHTS
Page 604 - General and administrative expenses: Total general and administrative expenses for the three month p
Page 605 - Depreciation and amortization: Depreciation and amortization for the nine month period ended Septemb
Page 606 - Credit Facilities
Page 607 - Cash used in investing activities for the nine month period ended September 30, 2018, as compared to
Page 608 - Reconciliation of EBITDA and Adjusted EBITDA to Net Cash from Operating Activities and Operating Sur
Page 609 - Operating Surplus
Page 610 - Borrowings
Page 611 - F. Contractual Obligations and Contingencies
Page 612 - Cash Distribution Policy
Page 613 - Incentive Distribution Rights
Page 614 - Related Party Transactions
Page 615 - Backstop agreements: On November 18, 2014, Navios Acquisition entered into backstop agreements with
Page 616 - Quantitative and Qualitative Disclosures about Market Risks
Page 617 - Inflation
Page 618 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 619 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 620 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 623 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 625 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 626 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 627 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 628 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 630 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 631 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 633 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 635 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 636 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
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Page 638 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 639 - NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
Page 640 - SIGNATURES
Page 641 - N/A
Page 642 - Any unit certificate(s) received by the Exchange Agent prior to the closing of the Merger will be he
Page 643 - ELECTION FORM
Page 644 - This election governs the Merger consideration that you, as a holder of Navios Midstream Public Unit
Page 645 - PREFERRED STOCK CONSIDERATION (1 share of Navios Acquisition Series E Preferred Stock per Navios Mid
Page 646 - Step 2. SIGNATURE(S) REQUIRED. Signature of Registered Holder(s) or Agent.
Page 647 - SPECIAL ISSUANCE FORM
Page 648 - INSTRUCTIONS
Page 649 - N/A
Page 650 - ELECTION INFORMATION BOOKLET
Page 651 - N/A
Page 652 - N/A
Page 653 - N/A
Page 654 - N/A
Page 655 - ELECTION INFORMATION
Page 656 - Therefore, neither Navios Midstream nor Navios Acquisition can ensure that all holders of Navios Mid
Page 657 - NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE THE APPOINTMENT OF YOU OR ANY
Page 658 - ELECTION INFORMATION
Page 659 - Therefore, neither Navios Midstream nor Navios Acquisition can ensure that all holders of Navios Mid
Page 660 - If you do not elect one of these options, the Exchange Agent will treat you as having made an electi
Page 661 - NOTICE OF GUARANTEED DELIVERY
Page 662 - GUARANTEE