2018 Press Releases

Date Title   05/10/18 Navios Maritime Acquisition Corporation Reports Financial Results for the First Quarter Ended March 31, 2018 Revenue: $46.2 million for Q1 2018 $71.5 million sale and leaseback agreement for four MR2 product tankers • Extended maturity to 2024 • Eliminated debt maturities for the next 13 months Sale of a VLCC for $44.5 million Operating initiatives create ~ $35.0 million in 2018 liquidity NNA operating costs ~ 17.0% lower than listed peers for 2017 Commercial and technical management fees fixed until May 2020 Returning capital to stockholders: • Quarterly dividend: $0....  05/07/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of First Quarter 2018 Results, Conference Call and Webcast Conference Call & Webcast: Thursday, May 10, 2018 at 8:30 am ET MONACO, May 07, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Thursday, May 10, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the first quarter ended March 31, 2018. The Company will report results for the first quarter ended March...  04/19/18 Navios Maritime Acquisition Corporation Announces Sale and Leaseback Transaction MONACO, April 19, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has completed a $71.5 million sale and leaseback agreement (“Agreement”) for four MR2 product tankers. The proceeds have been used to extinguish $69.25 million of indebtedness. The Agreement provides for 24 quarterly payments of $1.5 million each plus interest at LIBOR plus 305 bps per annum. Navios Acquisition...  04/06/18 Navios Maritime Acquisition Corporation Announces Availability of Its Form 20-F for the Year Ended December 31, 2017 MONACO, April 06, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced that its Annual Report on Form 20-F for the year ended December 31, 2017 has been filed with the SEC and can be accessed on Navios Acquisition's website, www.navios-acquisition.com under the "Investors" section. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting Navios Acquisition at: ...  03/26/18 Navios Maritime Acquisition Corporation Agrees to Sell One VLCC to Navios Maritime Midstream Partners L.P. for $44.5 Million MONACO, March 26, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has agreed to sell the Nave Galactic, a 2009-built VLCC of 297,168 dwt to Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) for $44.5 million. Navios Acquisition also agreed to extend the charter rate backstop of the Shinyo Kannika to the Nave Galactic. Navios Acquisition intends to use th...  02/23/18 Navios Maritime Acquisition Corporation Receives Continued Listing Standards Notice From NYSE MONACO, Feb. 23, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation Inc. (“Navios Acquisition” or the “Company”) (NYSE:NNA) announced today that on February 13, 2018, the Company was notified by the New York Stock Exchange, Inc. (“NYSE”) that it is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock over a consecutive 30 trading-day period was less than $1.00 per share. The NYSE’s notification has no ...  02/07/18 Navios Maritime Acquisition Corporation Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2017 Revenue: $50.3 million for Q4 2017; $227.3 million for 2017 $45.9 million net cash from operating activities for 2017 Adjusted EBITDA: $20.0 million for Q4 2017; $107.7 million for 2017 Returning capital to shareholders: $25.0 million - stock repurchase program Declared quarterly dividend of $0.02 per share MONACO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vess...  02/02/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of Fourth Quarter and Year Ended December 31, 2017 Results, Conference Call and Webcast Conference Call & Webcast: Wednesday, February 7, 2018 at 8:30 am ET MONACO, Feb. 02, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Wednesday, February 7, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the fourth quarter and year ended December 31, 2017. The Company will announce earnings result...