avios Maritime Partners L.P. NMM, an owner and operator of dry cargo vessels,
announced today that it plans to offer 5,500,000 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 825,000
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.
Navios Partners' common units trade on the New York Stock Exchange under the
symbol "NMM".
The joint book-running managers for this offering are Citigroup, BofA
Merrill Lynch, Morgan Stanley and J.P. Morgan and the co-manager is S.
Goldman Capital LLC.
When available, copies of the prospectus supplement and accompanying base
prospectus related to this offering may be obtained from: Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(tel: (800) 831-9146); BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attention: Prospectus Department or by emailing
dg.prospectus_requests@baml.com; Morgan Stanley, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; J.P. Morgan,
Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717 (tel: (866) 803-9204).
This news release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. This
offering may be made only by means of a prospectus supplement and
accompanying base prospectus.
About Navios Maritime Partners L.P.
Navios Partners NMM is a publicly traded master limited partnership
which owns and operates dry cargo vessels.
Forward Looking Statements
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including expected vessel acquisitions and entering into further
time charters. Words such as "may," "expects," "intends," "plans, "
"believes," "anticipates," "hopes," "estimates," and variations of such
words and similar expressions are intended to identify forward-looking
statements. Such statements include comments regarding expected revenue and
time charters. Although the Navios Partners believes that the expectations
reflected in such forward-looking statements are reasonable, no assurance
can be given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
Navios Partners. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to changes
in the demand for dry bulk vessels, competitive factors in the market in
which Navios Partners operates; risks associated with operations outside the
United States; and other factors listed from time to time in the Navios
Partners' filings with the Securities and Exchange Commission. Navios
Partners expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in Navios Partners' expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
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