Navios Maritime Midstream plans $25 million at-the-market units sale

S. Goldman raises proceeds for fleet expansion, partnership purposes

By Devika Patel

Knoxville, Tenn., July 29 – Navios Maritime Midstream Partners LP negotiated a $25 million at-the-market offering of its common units, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.

S. Goldman Capital LLC is the agent and will be paid a 2.5% commission.

Proceeds will be used for fleet expansion and general partnership purposes.

Navios Maritime is a Monaco-based publicly traded master limited partnership that owns and operates crude oil tankers under long-term employment contracts.

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