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Navios Maritime Partners plans share issueNavios Maritime Partners plans share issue

Navios  Maritime Partners plans to issue 5.5m units via a public offering to fund fleet expansion.

Marcus Hand, Editor

February 11, 2014

1 Min Read
Kalyakan - stock.adobe.com

The New York Stock Exchange-listed dry bulk shipowner said it planned to offer 5.5m units, and also expected to grant underwriters a 30-day option 825,000 units.

The company said the proceeds from the offering would be used to fund fleet and expansion and for general corporate purposes.

Navios Partners shares closed at $18.13 per unit on Monday, if the offer price is the same it would raise $99.7m

The joint book-running managers for this offering are Citigroup, BofA Merrill Lynch, Morgan Stanley and JP Morgan and the co-manager is S Goldman Capital.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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