Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, announced yesterday that it plans to offer 4,000,000 common units representing limited partnership interests in a public offering. Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 600,000 common units. Navios Partners expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.
Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM."
The joint book-running managers for this offering are Citigroup, J.P. Morgan and Wells Fargo Securities and the manager is S. Goldman Capital LLC.
Source: Navios Maritime Partners L.P.