Navios Maritime Partners L.P. Announces Pricing of Follow-On Offering
News Release
Navios Maritime Partners L.P.
May 4, 2012
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<DIV>Piraeus, Greece, May 3, 2012 - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, 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. <BR><BR>Navios
Partners' common units trade on the New York Stock Exchange under the symbol
"NMM". <BR><BR>The joint book-running managers for this offering are Citigroup,
J.P. Morgan and Wells Fargo Securities and the co-managers are S. Goldman
Capital LLC, RBC Capital Markets, COMMERZBANK and DVB Capital Markets.
<BR><BR>When available, copies of the prospectus supplement and accompanying
base prospectus related to this offering may be obtained from: Citigroup,
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,
Attn: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152 (tel:
(800) 326-5897). <BR><BR>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. <BR><BR></DIV></BODY></HTML>
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<DIV>Piraeus, Greece, May 3, 2012 - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, 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. <BR><BR>Navios
Partners' common units trade on the New York Stock Exchange under the symbol
"NMM". <BR><BR>The joint book-running managers for this offering are Citigroup,
J.P. Morgan and Wells Fargo Securities and the co-managers are S. Goldman
Capital LLC, RBC Capital Markets, COMMERZBANK and DVB Capital Markets.
<BR><BR>When available, copies of the prospectus supplement and accompanying
base prospectus related to this offering may be obtained from: Citigroup,
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,
Attn: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152 (tel:
(800) 326-5897). <BR><BR>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. <BR><BR></DIV></BODY></HTML>