Navios Maritime Closes $35M Offering
Owner and operator of container and dry bulk vessels Navios Maritime Partners L.P. has closed the previously announced offering of approximately 18.4 million common units at $1.90 per common unit, raising approximately $35.0 million of gross proceeds. Navios Partners will use the net proceeds of the offering for general working capital purposes, including vessel acquisitions.
Navios Partners’ common units trade on the New York Stock Exchange under the symbol “NMM.”
Following the closing, Navios Partners will have 167,589,764 common units and 3,420,203 general partner units outstanding. This includes $5.0 million of common units purchased by Navios Maritime Holdings Inc., and the purchase of general partner units by Navios GP L.L.C., our general partner, a wholly-owned subsidiary of Navios Holdings, to maintain its 2.0% general partner interest in Navios Partners. As a result, Navios Holdings owns a 20.2% interest in Navios Partners, which includes its 2.0% general partner interest in Navios Partners, which is held through Navios GP.
Fearnley Securities, Inc. acted as the sole lead manager.
S. Goldman Advisors LLC and Fearnley Securities AS acted as the lead placement agents in the registered direct offering.
S. Goldman Advisors LLC and Fearnley Securities AS acted as the lead placement agents in the registered direct offering.