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	<title>Marine Money Archives &#187; S. Goldman Advisors</title>
	<atom:link href="http://www.marine-money.com/archive/tag/s-goldman-advisors/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<title>Bank Loan in Drag – NewLead Heads to Norway</title>
		<link>http://www.marine-money.com/archive/bank-loan-in-drag-%e2%80%93-newlead-heads-to-norway</link>
		<comments>http://www.marine-money.com/archive/bank-loan-in-drag-%e2%80%93-newlead-heads-to-norway#comments</comments>
		<pubDate>Thu, 21 Apr 2011 16:41:46 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ewLead Holdings Ltd]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10390</guid>
		<description><![CDATA[As any good salesman will tell you it’s all in the packaging, particularly when you are entering new markets. Back in December, NewLead Holdings Ltd filed a form F-1 to sell in a follow-on offering $115 million of common stock here in New York. Unfortunately, the timing was off and the offer was shelved until the window re-opens. The company, however, was not dissuaded and, together with DnB NOR and S Goldman Advisors, jumped on a flight to the second largest source of capital for shipping, Oslo, with a transaction that marries the “best” of  secured lending with the terms of a high yield bond. The challenge for the company and its advisors was to overcome the fact that the company is a small cap Greek company, which is not involved in oil and gas. There is no better team to speak “Norwegian” and sell the deal. DnB NOR is a key lender and major capital markets player in Oslo and knows both markets intimately. Sheldon Goldman also has broad capital markets exposure here, but perhaps more importantly, he understands the Greeks through his role as financial “consigliere” to Angeliki Frangou.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Yes, There Was Equity Too</title>
		<link>http://www.marine-money.com/archive/yes-there-was-equity-too</link>
		<comments>http://www.marine-money.com/archive/yes-there-was-equity-too#comments</comments>
		<pubDate>Thu, 18 Nov 2010 18:46:47 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DVB]]></category>
		<category><![CDATA[Fearnley Fonds]]></category>
		<category><![CDATA[Knight Capital]]></category>
		<category><![CDATA[Lazard]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ms. Angeliki Frangou]]></category>
		<category><![CDATA[Navios Holdings]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>
		<category><![CDATA[Scorpio Tankers Inc.]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9870</guid>
		<description><![CDATA[China’s inflation and Ireland’s banking crisis triggered this week’s market volatility. Nevertheless, Scorpio Tankers Inc. and Navios Maritime Acquisition Corporation (“NMA”) moved ahead with equity follow-on offerings. Scorpio’s registration was for a one-off transaction, whereas Navios’ was a supplement to its recently filed broad shelf registration.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>As Predicted, Warrant Program a Success</title>
		<link>http://www.marine-money.com/archive/as-predicted-warrant-program-a-success</link>
		<comments>http://www.marine-money.com/archive/as-predicted-warrant-program-a-success#comments</comments>
		<pubDate>Thu, 02 Sep 2010 21:06:11 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Angeliki Frangou]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9566</guid>
		<description><![CDATA[Today, Navios Maritime Acquisition Corporation announced the successful completion of its warrant program. Of the total public warrants, 76.13% were exercised, exceeding the minimum threshold of 75%, thereby allowing the exercise of the private warrants. The final tally showed 19,262,006 public warrants were exercised of which 19,246,056 were exercised on a cashless basis and 15,950 were exercised by payment of the $5.65 cash exercise price.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paying the Bill</title>
		<link>http://www.marine-money.com/archive/paying-the-bill-2</link>
		<comments>http://www.marine-money.com/archive/paying-the-bill-2#comments</comments>
		<pubDate>Fri, 06 Aug 2010 01:13:30 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Angeliki Frangou]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9515</guid>
		<description><![CDATA[Ms. Angeliki Frangou and her team will search everywhere for funding, leaving no opportunity unturned. And certainly no one is more creative. To pay for Navios Maritime Acquisition Corporation’s recent purchase of VLCCs, the company announced, last week, that it would give the holders of the 25.3 million outstanding warrants issued in the initial public offering (“Public Warrants”) a limited opportunity to acquire shares at a reduced price. The offer is coupled with a consent solicitation accelerating Navios Maritime Holdings ability to exercise certain warrants on identical terms.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Book Review</title>
		<link>http://www.marine-money.com/archive/a-book-review</link>
		<comments>http://www.marine-money.com/archive/a-book-review#comments</comments>
		<pubDate>Thu, 22 Apr 2010 18:30:50 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Angeliki Frangou]]></category>
		<category><![CDATA[Dae Sun Shipbuilding]]></category>
		<category><![CDATA[Deutsche Bank Securities]]></category>
		<category><![CDATA[JPMorgan]]></category>
		<category><![CDATA[Kleimar]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8843</guid>
		<description><![CDATA[While it will never be a best seller, Navios Maritime Acquisition Corporation’s (“NMAC”) proxy statement makes a cogent argument for shareholder approval of the pending transaction for the acquisition of 11 newbuilding product tankers (four LR1s and seven MR2s) and two chemical tankers with an option to acquire two further LR1 product tankers. The acquisition cost is $457.7 million of which $334.3 million will be financed with debt. Included in the $344.3 million in debt facilities is a $52 million loan facility, which is in advance stages of negotiation, but, unlike the rest, not yet committed. The balance of the purchase price will be funded from the $250.8 million of proceeds of the initial public offering of 25.3 million units, including 3.3 million units issued upon the exercise of the over-allotment option. Invested in Treasuries, the cash position of the trust account stood at $251.5 as of year-end. The actual cash availability is uncertain however as unit holders can vote against the acquisition and exercise their conversion rights. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>With 2 Months to Spare</title>
		<link>http://www.marine-money.com/archive/with-2-months-to-spare</link>
		<comments>http://www.marine-money.com/archive/with-2-months-to-spare#comments</comments>
		<pubDate>Thu, 08 Apr 2010 18:01:52 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Natasha Boyden]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8816</guid>
		<description><![CDATA[Today, Navios Maritime Acquisition Corporation, the SPAC formed by Navios Maritime Holdings (“Navios”) back in June 2008, announced that it had agreed to acquire a 13 vessel fleet, consisting of 11 product tankers (4 LR1s and 7 MR2s) and 2 chemical tankers for an aggregate purchase price of $457.7 million. The company also has options to purchase two additional LR1s for $40.5 million each. The purchase price will be paid from cash ($123.4 million) and $343 million of bank financing consisting of a three term loans aggregating $277 million and a $57 million revolving credit facility. The high leverage also leaves excess cash remaining for growth from the original $220 million raised. The company’s rationale for the purchase is its belief that the assets are being acquired near their inflation adjusted historic low prices and the anticipated increased demand for products as the global recession eases.]]></description>
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		</item>
		<item>
		<title>Not to Be Outdone</title>
		<link>http://www.marine-money.com/archive/not-to-be-outdone</link>
		<comments>http://www.marine-money.com/archive/not-to-be-outdone#comments</comments>
		<pubDate>Thu, 19 Nov 2009 15:56:15 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[DVB]]></category>
		<category><![CDATA[JPMorgan]]></category>
		<category><![CDATA[Navios Maritime Partners]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=7664</guid>
		<description><![CDATA[Navios Maritime Partners announced after the market closed Wednesday that it intended to issue 4 million common units with a green shoe of 600 thousand units. Proceeds would be used for fleet expansion and/or general partnership purposes. The deal was priced today at $14.90 per unit, a discount of 5.8% from the prior close.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Denouement</title>
		<link>http://www.marine-money.com/archive/denouement</link>
		<comments>http://www.marine-money.com/archive/denouement#comments</comments>
		<pubDate>Thu, 24 Sep 2009 18:30:52 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Aries Maritime Transport Limited]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Captain Gabriel Petridis]]></category>
		<category><![CDATA[GrandUnion Inc.]]></category>
		<category><![CDATA[Michail Zolotas]]></category>
		<category><![CDATA[Mons Bolin]]></category>
		<category><![CDATA[Nicholas Fistes]]></category>
		<category><![CDATA[Rocket Marine Inc.]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6313</guid>
		<description><![CDATA[The <strong>Aries Maritime Transport Limited</strong> (“Aries”) story begins anew. Last week, Aries entered into a securities purchase agreement with <strong>Grandunion Inc.</strong>, a company controlled by <strong>Michail Zolotas</strong> and <strong>Nicholas Fistes</strong>, pursuant to which the company has agreed to acquire three capsize bulkcarriers, with an approximate net asset value of $36 million in exchange for 18,977,778 shares. A description of the vessels being acquired is shown herein. 
 
In an ancillary transaction, <strong>Rocket Marine Inc.</strong>, a company controlled by <strong>Mons Bolin</strong> and <strong>Captain Gabriel Petridis</strong>, the current principals of Aries, agreed to enter into a voting agreement with Grandunion in exchange]]></description>
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		</item>
		<item>
		<title>Back to the Well</title>
		<link>http://www.marine-money.com/archive/back-to-the-well</link>
		<comments>http://www.marine-money.com/archive/back-to-the-well#comments</comments>
		<pubDate>Thu, 24 Sep 2009 18:16:50 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[DVB Capital Markets]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Navios Maritime Partners]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6306</guid>
		<description><![CDATA[Utilizing its $500 million shelf registration from February, <strong>Navios Maritime Partners </strong>(“NMP”) went back into the market last week for its second follow-on offer of this year. In May, NMP issued 3.5 million shares at a price of $10.32. Last week’s offering of 2.8 million shares was priced $12.21 per share a discount of 6.5% from the prior day’s closing price. Proceeds will be used to fund its fleet expansion and/or for general corporate purposes. 
 
We understand that the issue, including the over-allotment, was fully subscribed. As one might expect, there was substantial interest by retail investors given the]]></description>
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		</item>
		<item>
		<title>Navios Comes Full Circle</title>
		<link>http://www.marine-money.com/archive/navios-comes-full-circle</link>
		<comments>http://www.marine-money.com/archive/navios-comes-full-circle#comments</comments>
		<pubDate>Thu, 26 Jun 2008 15:12:33 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Transaction Report]]></category>
		<category><![CDATA[Angeliki Frangou]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[First Class Navigation]]></category>
		<category><![CDATA[Frank Harris Shriver & Jacobson]]></category>
		<category><![CDATA[International Shipping Enterprises]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[Mintz Levin Cohn Ferris Glovsky]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>
		<category><![CDATA[Popeo and Fried]]></category>
		<category><![CDATA[Reeder & Simpson]]></category>
		<category><![CDATA[S. Goldman Advisors]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=5750</guid>
		<description><![CDATA[Less than 10 days after making its first public F-1 filing, SPAC <strong>Navios Maritime Acquisition Corporation </strong>successfully priced its 22,000,000 unit IPO at $10.00/unit to raise gross proceeds of $220 million. The deal timetable was ultimately compressed and the deal well oversubscribed by a mix of SPAC investors, shipping fundamental investors, and those who have been following Navios. Units had traded up a half a percent at close today to]]></description>
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