Navios Maritime Partners L.P. Announces Successful Placement of 5-Year Senior Unsecured Bonds

Core Viewpoint - Navios Maritime Partners L.P. has successfully issued USD 300 million in new senior unsecured bonds with a fixed coupon of 7.75% per annum, maturing in November 2030, aimed at refinancing existing debt and supporting general corporate purposes [1][2]. Group 1: Bond Issuance Details - The new bonds are set to mature in November 2030 and will pay a fixed coupon of 7.75% per annum, with interest payable semi-annually in arrears [1]. - The net proceeds from the bond issuance will be utilized for repaying certain outstanding secured debt facilities and for general corporate purposes [2]. - Arctic Securities AS acted as the Sole Global Coordinator and Bookrunner for the bond issue, with Fearnley Securities AS and Skandinaviska Enskilda Banken AB (publ) Oslofilialen serving as Joint Bookrunners [3]. Group 2: Regulatory and Market Context - The bonds are being sold in the United States only to qualified institutional buyers as defined under Rule 144A of the U.S. Securities Act, and have not been registered under the U.S. Securities Act or any state securities laws [4]. - An application will be made for the bonds to be listed on the Oslo Stock Exchange [1]. Group 3: Company Overview - Navios Maritime Partners L.P. is an international owner and operator of dry cargo and tanker vessels [5].