Navios Maritime Partners L.P. Announces Completion of Follow-On Offering, Including Exercise of Underwriters’ Option
News Release
Navios Maritime Partners L.P.
May 11, 2012
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<DIV>Piraeus, Greece, May 8, 2012 - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, announced
today the completion of its follow-on public offering of 4,600,000 common units
at $15.68 per unit, raising gross proceeds of $72.1 million. These figures
include 600,000 units sold pursuant to the underwriters' option, which was
exercised in full. <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 were Citigroup, J.P. Morgan and Wells Fargo Securities and the
co-managers were S. Goldman Capital LLC, RBC Capital Markets, COMMERZBANK and
DVB Capital Markets. <BR><BR>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 8, 2012 - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, announced
today the completion of its follow-on public offering of 4,600,000 common units
at $15.68 per unit, raising gross proceeds of $72.1 million. These figures
include 600,000 units sold pursuant to the underwriters' option, which was
exercised in full. <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 were Citigroup, J.P. Morgan and Wells Fargo Securities and the
co-managers were S. Goldman Capital LLC, RBC Capital Markets, COMMERZBANK and
DVB Capital Markets. <BR><BR>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>