Navios Maritime Partners L.P. announced the completion of its follow-on public offering of 3,500,000 common units at $10.32 per unit.
Navios Maritime Partners L.P. announced the completion of its follow-on public offering of 3,500,000 common units at $10.32 per unit, raising gross proceeds of approximately $36.1 million. In connection with the offering, Navios Partners has granted the underwriters a 30-day option to purchase up to an additional 525,000 common units to cover over-allotments, if any. The joint book-running managers for this offering were Citi, J.P.Morgan and Merrill Lynch & Co. and the co-managers were S. Goldman Advisors LLC and DVB Capital Markets.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.