Navios Maritime Partners Prices Follow-on Offering Of 5.5 Mln Units -Quick Facts

(RTTNews) - Navios Maritime Partners L.P. (NMM), an owner and operator of dry cargo vessels, has priced its follow-on public offering of 5.5 million common units, representing limited partnership interests, at $17.30 per unit. The underwriters were granted a 30-day option to buy an additional 825,000 common units. The company expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.

The offering may close on February 14, 2014. 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-managers are S. Goldman Capital LLC, DVB Capital Markets, ABN AMRO, Global Hunter Securities and Clarkson Capital Markets.