Navios Maritime Holdings buys 1.12 million units for 20.1% interest
By Marisa Wong
Madison, Wis., Feb. 11 – Navios Maritime Partners LP said it completed a private placement of common units, raising $14.7 million.
Navios Maritime Partners issued 1,120,547 common units at $13.09 per unit to Navios Maritime Holdings Inc., according to a press release.
The per share price is an 8.72% premium to the Feb. 10 closing share price of $12.04.
Following the private placement and a concurrent $60.2 million follow-on public offering of common units, Navios Maritime Holdings owns a 20.1% interest in Navios Maritime Partners.
Based in Monaco, Navios Partners owns and operates dry cargo vessels.
| Issuer: | Navios Maritime Partners LP
|
| Issue: | Units
|
| Amount: | $14.7 million (approximate)
|
| Units: | 1,120,547
|
| Price: | $13.09
|
| Warrants: | No
|
| Investor: | Navios Maritime Holdings Inc.
|
| Settlement date: | Feb. 11
|
| Stock symbol: | NYSE: NMM
|
| Stock price: | $12.04 at close Feb. 10
|
| Market capitalization: | $1.18 billion
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
