Key Developments: Navios Maritime Partners LP (NMM)

NMM on New York Consolidated

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27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Navios Maritime Partners announces acquisition of an option to acquire One 13,100 TEU container vessel with 12 years of employment
Thursday, 26 Feb 2015 09:28am EST 

Navios Maritime Partners LP:Says it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party.Vessel is currently chartered out to a high quality counterparty for a twelve-year period ending May 2027.Acquisition price of $147.8 mln.Vessel to be delivered in Q3 2015.  Full Article

Navios Maritime Partners LP announces completion of follow-on offering of 4.6 mln units and a private placement of 1.12 mln units to Navios Maritime Holdings Inc
Wednesday, 11 Feb 2015 04:15pm EST 

Navios Maritime Partners LP:Completes follow-on public offering of 4,600,000 common units at $13.09 per unit, raising gross proceeds of $60.2 mln.These figures include 600,000 common units sold pursuant to the underwriters' option, which was exercised in full.In addition, Navios Partners completed a private placement of 1,120,547 common units at $13.09 per unit to Navios Maritime Holdings Inc., raising additional gross proceeds of $14.7 mln.Following the public offering and the private placement, Navios Holdings owns a 20.1 pct interest in Navios Partners, which includes the 2.0 pct interest through Navios Partners' general partner which Navios Holdings owns and controls.Says joint book-running managers for the public offering are BofA Merrill Lynch, Citigroup, J.P. Morgan, Deutsche Bank Securities and Credit Suisse and the co-managers are S. Goldman Capital LLC, RS Platou Markets AS, ABN AMRO and Credit Agricole CIB.  Full Article

Navios Maritime Partners LP announces pricing of follow-on offering
Friday, 6 Feb 2015 08:34am EST 

Navios Maritime Partners LP:Prices follow-on public offering of 4,000,000 common units, which represent limited partnership interests, at $13.09 per unit.Partners granted the underwriters a 30-day option to purchase an additional 600,000 common units.Expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.Offering is expected to close on Feb. 11.Says the joint book-running managers for this offering are BofA Merrill Lynch, Citigroup, J.P. Morgan, Deutsche Bank Securities and Credit Suisse and the co-managers are S. Goldman Capital LLC, RS Platou Markets AS, ABN AMRO and Credit Agricole Securities (USA) Inc.  Full Article

Navios Maritime Partners LP announces public offering of common units
Thursday, 5 Feb 2015 04:15pm EST 

Navios Maritime Partners LP:Plans to offer 4,000,000 common units representing limited partnership interests in a public offering.Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 600,000 common units.Partners expects to use net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.Joint book-running managers for this offering are BofA Merrill Lynch, Citigroup, J.P. Morgan, Deutsche Bank and Credit Suisse and the co-manager is S. Goldman Capital LLC.  Full Article

Navios Maritime Partners LP declares cash distribution
Monday, 2 Feb 2015 07:20am EST 

Navios Maritime Partners LP:Says Board declared a cash distribution for the fourth quarter of 2014 of $0.4425 per unit.Says cash distribution is payable on Feb. 13 to unitholders of record as of Feb. 11.  Full Article

Navios Maritime Partners LP announces cash distribution of $0.4425 per unit
Tuesday, 27 Jan 2015 09:15am EST 

Navios Maritime Partners LP:Declares a cash distribution of $0.4425 per unit for the quarter ended Dec. 31, 2014.Payable on Feb. 13 to unit holders of record as of Feb. 11.  Full Article

Navios Maritime Partners LP announces acquisition of one 13,100 TEU container vessel with 12 years of employment
Monday, 5 Jan 2015 09:22am EST 

Navios Maritime Partners LP:Has agreed to acquire MSC Cristina, 2011 South Korean-built container vessel of 13,100 TEU for $147.8 mln.Says vessel is expected to be delivered to Navios Partners' owned fleet by end of Feb.Expected to finance acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities.  Full Article

Navios Maritime Partners LP announces cash distribution of $0.4425 per Unit
Thursday, 23 Oct 2014 09:29am EDT 

Navios Maritime Partners LP:Declared a cash distribution of $0.4425 per unit for the quarter ended Sept. 30.Payable on Nov. 10 to unit holders of record as of Nov. 7.  Full Article

Navios Maritime Partners LP announces cash distribution of $0.4425 per unit
Thursday, 24 Jul 2014 09:21am EDT 

Navios Maritime Partners LP:Declares a cash distribution of $0.4425 per unit for the quarter ended June 30.Distribution will be payable on Aug. 13 to unit holders of record as of Aug. 8.  Full Article

Navios Maritime Partners LP declares cash distribution
Friday, 25 Apr 2014 09:23am EDT 

Navios Maritime Partners LP:Declares cash distribution of $0.4425 per unit for the quarter ended March 31, 2014.This distribution represents an annualized distribution of $1.77 per unit.Cash distribution will be payable on May 13, 2014 to unit holders of record as of May 9, 2014.  Full Article

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