Navios Maritime Partners revealed more than $199m in new financing deals as the New York-listed shipowner reported a slump in profits that came in just under analyst expectations.
The Angeliki Frangou-led bulker owner said that it struck more than $174m agreements with four banks to refinance loans covering eight capesize bulkers, a panamax and three ultramaxes.
The loans, which were signed in december but are yet to be finalised, carry an interest rate of Libor plus 270 basis points.
