Navios Maritime Partners has cleared some major debt off its ledger using a combination of cash, bank debt and vessel sales.
The New York-listed partnership has fully repaid a $419m loan due this month.
"Through a combination of cash, commercial bank debt and sale-and-leaseback transactions, we materially reduced our cost of capital and strengthened our balance sheet,” chief executive Angeliki Frangou said in a statement on Tuesday.
