The New York-listed bulker owner said the follow-on offeringof 5.5m units would be priced at $17.30 each, compared to a closing price of$18.13 on Monday.
Underwriters have a 30-day option to purchase an additional825,000 common units.
The offering is expected to close on Friday.
In a recent earnings briefing chief executive AngelikiFrangou said her company has its sights set on containerships but didn’t ruleout the possibility of picking up bulkers as well.
Navios
