Navios Maritime Partners L.P. Announces $400 Million Term Loan B
Navios Maritime Partners L.P. (“Navios Partners”) (NMM), an international owner and operator of container and dry bulk vessels, announced today that, subject to market conditions, it intends to launch syndication of a $400 million Term Loan B.
Navios Partners intends to use the net proceeds from the Term Loan B: (i) to refinance the existing Term Loan B and (ii) to pay related fees and expenses. The timing and size of any new credit facility and the use of proceeds thereof are subject to market and other conditions, and there can be no assurance that such actions will take place at any specific time, or at all.