Navios Maritime Partners Announces USD 35 Mn Public Offering of Common Units

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Navios Maritime Partners L.P. announced today that it has agreed with investors to sell approximately 18.4 million common units for an aggregate of approximately USD 35.0 million in a registered direct offering at USD 1.90 per common unit, which includes the sale of approximately USD 5 million of common units to Navios Maritime Holdings Inc.

“The offering is expected to close on or about February 21, 2018. Navios Partners estimates that the net proceeds from the offering, after deducting estimated offering expenses and placement agent fees, will be approximately USD 33.3 million. Navios Partners expects to use the net proceeds from the registered direct offering for general working capital purposes, including vessel acquisitions,” the company informed.

Fearnley Securities, Inc. acted as sole lead manager. S. Goldman Advisors LLC and Fearnley Securities AS acted as lead placement agents. 

A shelf registration statement relating to Navios Partners’ common units was previously filed by Navios Partners with the U.S. Securities and Exchange Commission and has been declared effective.

Sea News, February 14