Loan & DebtMay 22, 2026, 09:33 AM
Navios Maritime Partners Amends $86.24M Loan Facility
AI Summary
Navios Maritime Partners L.P. announced the amendment and restatement of a facility agreement for up to $86.24 million, originally dated September 30, 2022, with an outstanding principal of $74.79 million. The amendment involves the accession of hedge guarantors and counterparties, allowing borrowers to enter into interest rate swap transactions to hedge exposure. It also includes consequential amendments to various finance and security documents related to the financing of m.v. "SPARROW" and m.v. "ZIM EAGLE".
Key Highlights
- Original facility agreement for up to $86,240,000.
- Outstanding principal amount as of February 20, 2026, is $74,786,250.00.
- Amended agreement allows borrowers to enter interest rate swap transactions.
- Hedge Guarantors and Hedge Counterparties acceded to the facility agreement.
- Manager's Undertakings updated to reflect a management agreement dated August 16, 2024.
- Financing relates to m.v. "SPARROW" and m.v. "ZIM EAGLE".
Price Impact
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