Navios Maritime Partners L.P. announced that it has successfully placed USD 300 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in November 2030 and will pay a fixed coupon of 7.75% per annum, payable semi-annually in arrears. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
The net proceeds from the bond issue are intended to be used for the repayment of certain of the Company’s outstanding secured debt facilities and for general corporate purposes of the group.
Arctic Securities AS acted as Sole Global Coordinator and Bookrunner, Fearnley Securities AS and Skandinaviska Enskilda Banken AB (publ) Oslofilialen acted as Joint Bookrunners, Credit Agricole Corporate and Investment Bank acted as passive Joint Lead Manager and S. Goldman Advisors LLC acted as Co-Manager in the bond issue.