Key Developments: Navios Maritime Partners LP (NMM)

NMM on New York Consolidated

19.27USD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

Navios Maritime Partners LP announces completion of follow-on offering including exercise of underwriters' option
Tuesday, 18 Feb 2014 04:44pm EST 

Navios Maritime Partners LP:Says the completion of its follow-on public offering of 6,325,000 common units at $17.30 per unit, raising gross proceeds of $109.4 million.Figures include 825,000 units sold pursuant to the underwriters' option, which was exercised in full.Joint book-running managers for this offering are Citigroup, BofA Merrill Lynch, Morgan Stanley and J.P. Morgan, and the co-managers are S. Goldman Capital LLC, DVB Capital Markets, ABN AMRO, Global Hunter Securities and Clarkson Capital Markets.  Full Article

Navios Maritime Partners LP announces pricing of follow-on offering
Tuesday, 11 Feb 2014 08:42am EST 

Navios Maritime Partners LP:Says it has priced its follow-on public offering of 5,500,000 common units, which represent limited partnership interests, at $17.30 per unit.Says it granted the underwriters a 30-day option to purchase an additional 825,000 common units.Says it expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.Says the offering is expected to close on Feb. 14.Says the joint book-running managers for this offering are Citigroup, BofA Merrill Lynch, Morgan Stanley and J.P. Morgan and the co-managers are S. Goldman Capital LLC, DVB Capital Markets, ABN AMRO, Global Hunter Securities and Clarkson Capital Markets.  Full Article

Navios Maritime Partners LP announces public offering of common units
Monday, 10 Feb 2014 04:13pm EST 

Navios Maritime Partners LP:Plans to offer 5,500,000 common units representing limited partnership interests in a public offering.Expects to grant the underwriters a 30-day option to purchase an additional 825,000 common units.Expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.Navios Partners' common units trade on the New York Stock Exchange under the symbol NMM.Joint book-running managers for this offering are Citigroup, BofA Merrill Lynch, Morgan Stanley and J.P. Morgan and the co-manager is S. Goldman Capital LLC.  Full Article

Navios Maritime Partners LP announces cash distribution of $0.4425 per unit
Friday, 24 Jan 2014 09:28am EST 

Navios Maritime Partners LP:Declares a cash distribution of $0.4425 per unit for the quarter ended Dec. 31, 2013.Says this distribution represents an annualized distribution of $1.77 per unit.Says the cash distribution will be payable on Feb. 14 to unit holders of record as of Feb. 10.  Full Article

Navios Maritime Partners LP Announces Cash Distribution of $0.4425 per Unit
Friday, 25 Oct 2013 09:00am EDT 

Navios Maritime Partners LP announced that its Board of Directors has declared a cash distribution of $0.4425 per unit for the quarter ended September 30, 2013. This distribution represents an annualized distribution of $1.77 per unit. The cash distribution will be payable on November 13, 2013 to unit holders of record as of November 8, 2013.  Full Article

Navios Maritime Partners LP Announces Completion Of Follow-On Offering Including Exercise Of Underwriters' Option
Wednesday, 25 Sep 2013 04:01pm EDT 

Navios Maritime Partners LP announced the completion of its follow-on public offering of 5,750,000 common units at $14.26 per unit, raising gross proceeds of $82.0 million. These figures include 750,000 units sold pursuant to the underwriters' option, which was exercised in full. Navios Partners' common units trade on the New York Stock Exchange under the symbol NMM. The joint book-running managers for this offering were Citigroup, Wells Fargo Securities, J.P. Morgan and Deutsche Bank Securities and the co-managers were S. Goldman Capital LLC, DVB Capital Markets, ABN AMRO, Stifel and Global Hunter Securities, LLC.  Full Article

Navios Maritime Partners LP Announces Public Offering of 5,000,000 Common Units
Thursday, 19 Sep 2013 04:34pm EDT 

Navios Maritime Partners LP announced that it plans to offer 5,000,000 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 750,000 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 joint book-running managers for this offering are Citigroup, Wells Fargo Securities, J.P. Morgan and Deutsche Bank Securities and the co-manager is S. Goldman Capital LLC.  Full Article

Navios Maritime Partners LP Declares Distribution
Monday, 22 Jul 2013 09:00am EDT 

Navios Maritime Partners LP announced that its Board of Directors has declared a cash distribution of $0.4425 per unit for the quarter ended June 30, 2013. This distribution represents an annualized distribution of $1.77 per unit. The cash distribution will be payable on August 13, 2013 to unit holders of record as of August 8, 2013.  Full Article

Navios Maritime Partners LP Announces Closing Of $250 Million Term Loan
Friday, 28 Jun 2013 09:19am EDT 

Navios Maritime Partners L.P. announced that the closing of a Five year $250.0 million Term Loan B facility, secured by first priority mortgages covering certain vessels owned by subsidiaries of Navios Partners, in addition to other collateral, and guaranteed by each subsidiary of Navios Partners. The Term Loan B facility was priced at LIBOR + 425 basis points. Navios Partners intends to use the net proceeds of the Term Loan B facility to repay existing indebtedness and complete the previously announced acquisition of four new vessels.  Full Article

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