Navios Maritime Partners Announces Public Offering of 4M Common Units
Navios Maritime Partners (NYSE: NMM) 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. Navios Partners expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.