Navios Partners Announces Pricing of Follow-On Offering
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, announced that it has priced its follow-on public offering of 5,000,000 common units, which represent limited partnership interests, at $14.26 per unit.
Navios Partners granted the underwriters a 30-day option to purchase an additional 750,000 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. The offering is expected to close on September 25, 2013.
Navios Maritime, September 23, 2013