Navios Acquisition completes leaseback deal on four tankers

Navios Maritime Acquisition has made good on a promise to refinance debt on four of its products tankers through a leaseback deal.

The Greek tanker owner first tipped intentions on the deal at its earnings report for the fourth quarter of 2017 in January, saying talks were at an advanced stage.

Navios Maritime Acquisition now indicates in its annual report that it sealed the transaction on 31 March.