Navios Maritime Partners L.P. Announces Pricing of Follow-On Offering of 4M Shares
Navios Maritime Partners L.P. (NYSE: NMM) announced today that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partnership interests, at $15.68 per unit. Navios Partners has granted 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. The offering is expected to close on May 8, 2012.
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