Navios Maritime Raises $30M With 2030 Bond Tap at 102.75% of Par
NMM•NMM•NMM•NMM•Navios Maritime Partners announced completion of a USD 30 million tap issue of its senior unsecured bond due November 2030 at 102.75% of par through reverse inquiry. Net proceeds will support general corporate purposes, enhancing liquidity and financial flexibility.
Navios Maritime Partners completed a USD 30 million tap issue of its senior unsecured bond due November 7, 2030 (ISIN NO0013685115) at 102.75% of par, initiated by a reverse inquiry. Arctic Securities and Fearnley Securities acted as joint bookrunners, while S. Goldman Advisors served as co-manager for the placement.
The net proceeds from the tap issue will be applied toward general corporate purposes, bolstering the company’s liquidity position and enhancing financial flexibility to support operational needs and potential fleet renewal or expansion strategies.
