Navios Holdings Amends 13D for Navios Partners, Signals Ownership Shift

TL;DR

**Navios Holdings just updated its stake in Navios Partners, watch for potential control shifts!**

AI Summary

Navios Maritime Holdings Inc. filed an Amendment No. 10 to its Schedule 13D on January 9, 2024, indicating a change in its beneficial ownership of Navios Maritime Partners L.P. common units. This filing updates previous disclosures regarding the ownership structure and control of Navios Maritime Partners L.P. For investors, this matters because significant changes in ownership by a major holder like Navios Maritime Holdings Inc. can signal shifts in corporate strategy, potential future transactions, or changes in control, which could impact the stock's valuation and future direction.

Why It Matters

This filing updates the beneficial ownership stake of Navios Maritime Holdings Inc. in Navios Maritime Partners L.P., which can influence corporate governance and future strategic decisions for the latter.

Risk Assessment

Risk Level: medium — Changes in major shareholder ownership can introduce uncertainty regarding future corporate actions and control, posing a medium risk to current investors.

Analyst Insight

Investors should monitor subsequent filings from Navios Maritime Holdings Inc. to understand the full scope of changes in their beneficial ownership and any stated intentions regarding Navios Maritime Partners L.P. shares.

Key Players & Entities

• Navios Maritime Partners L.P. (company) — the subject company (issuer) of the common units
• Navios Maritime Holdings Inc. (company) — the reporting person (filer) of the SC 13D/A
• Vasiliki Papaefthymiou (person) — person authorized to receive notices and communications for the filing
• January 9, 2024 (date) — date of the event requiring the filing of this statement

FAQ

Key Financial Figures

• $81,139,743.00 — rtial prepayment and satisfaction of an $81,139,743.00 portion of the principal amount of a de

Filing Documents

• d681493dsc13da.htm (SC 13D/A) — 42KB
• 0001193125-24-006064.txt ( ) — 43KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is hereby supplemented to include the following

Item 3 of the Schedule 13D is hereby supplemented to include the following: On January 9, 2024, pursuant to a letter agreement (the Letter Agreement ) among Navios Holdings, Alpha Merit and another wholly-owned subsidiary of Navios Holdings, on the one hand, and N Shipmanagement Acquisition Corp., on the other hand, Navios Holdings, Alpha Merit and such other relevant subsidiary transferred the 216,054, 2,960,476 and 6,669 Common Units respectively owned by them to N Shipmanagement Acquisition Corp. in partial prepayment and satisfaction of an $81,139,743.00 portion of the principal amount of a debenture issued by Navios Holdings. As a result of this transaction, Navios Holdings, Alpha Merit and such other relevant subsidiary ceased to beneficially own any Common Units as of January 9, 2024.

Purpose of the Transaction

Item 4. Purpose of the Transaction. Item 4 of the Schedule 13D is hereby amended to incorporate by reference the information set forth in Item 3 of this Amendment No. 10.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. This Amendment No. 10 amends and restates Item 5(a), (b), (c) and (e) to the Schedule 13D as set forth below: (a) (b) The information set forth in Item 3 of this Amendment No. 10 is incorporated herein by reference. The Reporting Persons disclaim membership in a group with Ms. Frangou and/or N Shipmanagement Acquisition Corp. (c) The information set forth in Item 3 of this Amendment No. 10 is incorporated herein by reference. (e) The information set forth in Item 3 of this Amendment No. 10 is incorporated herein by reference. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 10, 2024 Navios Maritime Holdings Inc. By: /s/ Georgios Akhniotis Name: Georgios Akhniotis Title: Chief Financial Officer Alpha Merit Corporation By: /s/ Anna Kalathaki Name: Anna Kalathaki Title: Director