Navios Maritime Partners placed $300 million of senior unsecured bonds in the Nordic market. The bonds mature in November 2030 and carry a fixed coupon of 7.75 % per annum, payable semi‑annually in arrears.
The net proceeds will be used to repay certain secured debt facilities and for general corporate purposes, supporting the company’s debt‑reduction strategy and providing liquidity for future fleet renewal and chartering opportunities.
The issuance adds an unsecured tranche to Navios’ liability mix, shifting part of its obligations from secured to unsecured instruments and strengthening its balance‑sheet flexibility.
The bonds will be listed on the Oslo Stock Exchange and are being sold in the United States only to persons reasonably believed to be qualified institutional buyers under Rule 144A; they are not registered under the U.S. Securities Act.
Underwriters for the transaction include Arctic Securities AS, Fearnley Securities AS, Skandinaviska Enskilda Banken AB, Credit Agricole Corporate and Investment Bank, and S. Goldman Advisors LLC.
Navios currently reports a contracted revenue backlog of $3.6 billion through 2037, reflecting its ongoing fleet expansion and operational commitments.
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