The Angeliki Frangou-led MLP plans to offer 4.25m common units representing limited partnership interests in a public offering.
Joint book-runners for the offering are Citigroup, Wells Fargo, JP Morgan and RBC Capital Markets and the manager is S Goldman Capital.
Navios Partners said it expects to grant the underwriters a 30-day option to purchase an additional 637,500 common units.
The US-listed shipowner said it expects to use the net proceeds to fund its fleet expansion and/or for general partnership purposes.
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