Navios Maritime Partners L.P. Announces Public Offering of 3,500,000 Common Units.
Navios Maritime Partners L.P. announced yesterday that it plans to offer 3,500,000 common units representing limited partnership interests in a public offering. Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 525,000 common units to cover over-allotments, if any. Navios Partners expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.
Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels formed by Navios Maritime Holdings Inc., a vertically integrated seaborne shipping and logistics company with over 50 years of operating history in the dry bulk shipping industry.
Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM."
The joint book running managers for this offering are Citi and J.P. Morgan and the manager is S. Goldman Capital LLC.