Navios Maritime Partners, an international owner and operator of container and dry bulk vessels with offices in Monaco and Piraeus, Greece, announced on Thursday, February 15, that it plans to pay up to €28 million ($35 million) of common units representing limited partnership interests in a public offering.

Navios Partners expects to use the net proceeds from the public offering for general working capital purposes, including vessel acquisitions.

Fearnley Securities, Inc. is acting as sole lead manager. S Goldman Advisors LLC and Fearnley Securities AS are acting as lead placement agents. Fearnley Securities AS is not a US-registered broker-dealer and to the extent that this offering is made within the United States, its activities will be affected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended.

A shelf registration statement relating to Navios Partners’ common units was previously filed by Navios Partners with the US Securities and Exchange Commission and has been declared effective.

Navios Maritime Partners LP is a publicy traded master limited partnership which owns and operates container and dry bulk vessels.

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