Monaco - February 13, 2018
Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of container and drybulk vessels, announced today that it has agreed with investors to sell approximately 18.4 million common units for an aggregate of approximately $35.0 million in a registered direct offering at $1.90 per common unit, which includes the sale of approximately $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 $33.3 million.
Navios Partners expects to use the net proceeds from the registered direct offering for general working capital purposes, including vessel acquisitions. Navios Partners’ common units trade on the New York Stock Exchange under the symbol “NMM.”Fearnley Securities, Inc. acted as sole lead manager. S. Goldman Advisors LLC and Fearnley Securities AS acted as lead placement agents. 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 and has been declared effective.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus. When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Fearnley Securities, Inc., 880 Third Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department or by emailing firstname.lastname@example.org.
About Navios Maritime Partners L.P.
Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates container and drybulk vessels.
Navios Maritime Partners L.P. press release