Navios Maritime Partners L.P. Announces Completion of Follow-On Offering, Including Exercise of Over-Allotment Option
News Release
Navios Maritime Partners L.P.
April 14, 2011
Piraeus, Greece, April 13, 2011 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today the completion of its follow-on public offering of 4,600,000 common units at $19.68 per unit, raising gross proceeds of $90.5 million. These figures include 600,000 units sold pursuant to the underwriters' over-allotment option, which was exercised in full on April 11, 2011.
Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM".
The joint book-running managers for this offering were Citi, J.P. Morgan and Wells Fargo Securities and the co-managers were S. Goldman Capital LLC, Lazard Capital Markets LLC, DVB Capital Markets, and Knight.
Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: (800) 831-9146); J.P. Morgan, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (866) 803-9204); Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152 (tel (800) 326-5897).
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 was made only by means of a prospectus supplement and accompanying base prospectus.
Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM".
The joint book-running managers for this offering were Citi, J.P. Morgan and Wells Fargo Securities and the co-managers were S. Goldman Capital LLC, Lazard Capital Markets LLC, DVB Capital Markets, and Knight.
Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: (800) 831-9146); J.P. Morgan, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (866) 803-9204); Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152 (tel (800) 326-5897).
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 was made only by means of a prospectus supplement and accompanying base prospectus.