Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM), an international owner and operator of container and dry bulk vessels, announced that it has closed the previously announced offering of 47,795,000 common units at $2.10 per common unit, raising approximately $100 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 147,436,276 common units and 3,008,908 general partner units outstanding. This includes the common units issued to Navios Maritime Holdings Inc. (“Navios Holdings”) in connection with Navios Partners’ recent acquisition of financial assets. As a result, Navios Holdings owns a 20.9% interest in Navios Partners, which includes its 2.0% general partner interest in Navios Partners.
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. Fearnley Securities AS is not a U.S. registered broker-dealer and to the extent that this offering is made within the United States, its activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended.
A shelf registration statement relating to Navios Partners’ common units was previously filed by Navios Partners with the U.S. Securities and Exchange Commission (“SEC”) and has been declared effective.