Navios Maritime Partners places $300 million in senior unsecured bonds, maturing November 2030, with a 7.75% coupon.
Quiver AI Summary
Navios Maritime Partners L.P. has announced the successful placement of $300 million in senior unsecured bonds in the Nordic bond market, set to mature in November 2030 with a fixed coupon of 7.75% paid semi-annually. The bonds will be listed on the Oslo Stock Exchange, and the proceeds will be used to repay outstanding secured debts and for general corporate purposes. The issuance involved several financial institutions, with Arctic Securities AS serving as the Sole Global Coordinator. The bonds will only be sold to qualified institutional buyers in the U.S. and are not registered under U.S. securities laws. The press release also includes forward-looking statements regarding the company’s expectations for future growth, cash flow, and market risks.
Potential Positives
- Successfully placed USD 300 million of new senior unsecured bonds in the Nordic bond market, enhancing the company's financial flexibility.
- The bonds have a fixed coupon of 7.75% per annum, indicating a relatively attractive return for investors.
- Net proceeds from the bond issue are intended for repayment of outstanding secured debt facilities, contributing to improved leverage and financial health.
- An application will be made for the bonds to be listed on the Oslo Stock Exchange, potentially increasing visibility and market access for the company.
Potential Negatives
- The issuance of senior unsecured bonds indicates that the company is relying on debt to finance operations, which may raise concerns about its overall financial stability.
- Offering a fixed coupon of 7.75% suggests high borrowing costs, potentially reflecting increased risk perceptions from investors regarding the company's creditworthiness.
- The need to repay outstanding secured debt may signal existing financial pressures or strains within the company's capital structure.
FAQ
What is the purpose of Navios Maritime Partners' new bond issue?
The $300 million bond issue aims to repay outstanding secured debt and support general corporate purposes.
What is the maturity date for the new senior unsecured bonds?
The bonds are set to mature in November 2030.
What is the fixed coupon rate for the new bonds?
The new bonds will pay a fixed coupon of 7.75% per annum, payable semi-annually.
Who acted as the Sole Global Coordinator for this bond issue?
Arctic Securities AS acted as the Sole Global Coordinator and Bookrunner for the bond issue.
Where will the new bonds be listed?
An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NMM Hedge Fund Activity
We have seen 28 institutional investors add shares of $NMM stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 159,842 shares (+inf%) to their portfolio in Q2 2025, for an estimated $6,022,846
- GLOBEFLEX CAPITAL L P removed 155,562 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,861,576
- MORGAN STANLEY added 85,096 shares (+13.2%) to their portfolio in Q2 2025, for an estimated $3,206,417
- MAIN STREET FINANCIAL SOLUTIONS, LLC added 79,263 shares (+10.2%) to their portfolio in Q2 2025, for an estimated $2,986,629
- NOKOMIS CAPITAL, L.L.C. removed 73,656 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,775,358
- PILGRIM GLOBAL ADVISORS LLC removed 66,844 shares (-1.4%) from their portfolio in Q2 2025, for an estimated $2,518,681
- GROUP ONE TRADING LLC removed 43,371 shares (-35.3%) from their portfolio in Q2 2025, for an estimated $1,634,219
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PIRAEUS, Greece, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (NYSE: NMM) (“NMM” or the “Company”) announces today that it has successfully placed USD 300 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in November 2030 and will pay a fixed coupon of 7.75% per annum, payable semi-annually in arrears. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
The net proceeds from the bond issue are intended to be used for the repayment of certain of the Company’s outstanding secured debt facilities and for general corporate purposes of the group.
Arctic Securities AS acted as Sole Global Coordinator and Bookrunner, Fearnley Securities AS and Skandinaviska Enskilda Banken AB (publ) Oslofilialen acted as Joint Bookrunners, Credit Agricole Corporate and Investment Bank acted as passive Joint Lead Manager and S. Goldman Advisors LLC acted as Co-Manager in the bond issue.
The senior unsecured bonds are being sold in the United States or its territories only to persons reasonably believed to be qualified institutional buyers as defined under Rule 144A under the Securities Act of 1933, as amended (the “U.S. Securities Act”). The bonds have not been registered under the U.S. Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Navios Maritime Partners L.P., nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Navios Maritime Partners L.P.
Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at www.navios-mlp.com .
Forward-Looking Statements
This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements.
These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, wars, sanctions, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our dry bulk, containerships and tanker vessels in particular, fluctuations in charter rates for dry bulk, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, fluctuation in interest rates and foreign exchange rates, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; the growing expectations from investors, lenders, charterers, and other market participants regarding our sustainability practices, as well as our capacity to implement sustainability initiatives and achieve our objectives and targets; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.
Contacts
  Navios Maritime Partners L.P.
  
  +1 (212) 906 8645
  
  
   [email protected]
  
 
  Nicolas Bornozis
  
  Capital Link, Inc.
  
  
   [email protected]
  
 
 
         
       
       
    