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

Rhea-AI Summary

Navios Maritime Partners L.P. (NYSE: NMM) announced a successful placement of USD 300 million of new senior unsecured bonds in the Nordic bond market on Oct 28, 2025. The bonds mature in November 2030 and carry a fixed coupon of 7.75% per annum, payable semi-annually. An application will be made to list the bonds on the Oslo Stock Exchange.

The net proceeds are intended to be used for the repayment of certain outstanding secured debt facilities and for general corporate purposes. The issue was arranged by Arctic Securities as sole global coordinator and bookrunner, with several joint bookrunners and managers. The bonds are offered in the U.S. only to qualified institutional buyers under Rule 144A and are not registered under the U.S. Securities Act.

Positive

• Raised USD 300 million in five-year senior unsecured bonds
• Proceeds intended to repay certain secured debt facilities

Negative

• Fixed coupon of 7.75% increases interest obligations relative to lower-rate debt
• Bonds not registered in the U.S. and sold under Rule 144A, limiting U.S. retail liquidity

Insights

Fixed Income Capital Markets Analyst

Navios placed 300 million of 5‑year senior unsecured bonds due November 2030 at a 7.75% fixed coupon.

The issuance creates an unsecured funding tranche for Navios Maritime Partners with semi‑annual interest and planned listing on the Oslo Stock Exchange. Net proceeds will be used to repay certain outstanding secured debt facilities and for general corporate purposes, shifting part of the company’s liability mix from secured to unsecured instruments.

Key dependencies and risks include the fixed annual cash interest burden at 7.75% and successful application for Oslo listing. Watch repayment of the specified secured facilities and refinancing progress through November 2030; near‑term monitoring should focus on covenant terms of the replaced debt and cash interest coverage over the next 12 months.

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
Investors@navios-mlp.com 

Nicolas Bornozis
Capital Link, Inc.
naviospartners@capitallink.com

FAQ

What did Navios Maritime Partners (NMM) announce on October 28, 2025 regarding debt financing?

NMM placed USD 300 million of five-year senior unsecured bonds due November 2030 with a 7.75% fixed coupon.

How will NMM use the proceeds from the USD 300 million bond issue?

The net proceeds are intended to be used to repay certain outstanding secured debt facilities and for general corporate purposes.

When do the new NMM bonds mature and how is interest paid?

The bonds mature in November 2030 and pay a fixed coupon of 7.75% per annum, payable semi-annually in arrears.

Will the NMM bonds be listed and available to U.S. investors?

An application will be made to list the bonds on the Oslo Stock Exchange; in the U.S. they are offered only to qualified institutional buyers under Rule 144A and are not registered under the U.S. Securities Act.

Who arranged the NMM bond placement announced Oct 28, 2025?

Arctic Securities acted as sole global coordinator and bookrunner; Fearnley Securities and SEB Oslo acted as joint bookrunners, with additional joint lead manager and co-manager roles filled by other banks.