Navios Maritime to launch $205 million term loan B on Thursday

By Sara Rosenberg

New York, May 27 – Navios Maritime Midstream Partners LP is set to hold a lender call at 2 p.m. ET on Thursday to launch a $205 million senior secured first-lien term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to finance the proposed acquisition of up to two vessels from Navios Maritime Acquisition Corp. and to refinance existing term debt.

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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