navios tankers

Navios Maritime Offers 4 Million Shares at Discount

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May 4, 2012

navios tankersNavios Maritime Partners L.P.’s (NMM) public offering of 4 million common units priced at a 4.5% discount to Wednesday’s close.

The units were recently trading 5.2% lower at $15.56, compared with the offering’s price of $15.68 per unit.

The owner and operator of dry cargo vessels said it plans to use the proceeds to expand its fleet and for general partnership purposes.

-By Melodie Warner, Dow Jones Newswires

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