Navios Maritime Partners L.P. Announces Public Offering of 4M Shares (NMM)

Navios Maritime Partners L.P. ("Navios Partners")

, an owner and operator of dry cargo vessels, announced today 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 to cover over-allotments, if any. Navios Partners expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.