Fleet
In July 2022, Navios Holdings agreed to sell its 36-vessel drybulk fleet for aggregate consideration of $835.0 million consisting of cash and the assumption of bank debt and finance leases related to the vessels, and subject to a working capital adjustment at closing (the “Transaction”), to Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM). The Transaction closed in two tranches. The first tranche, involving the sale of 15 vessels, was completed on July 29, 2022. The second tranche, involving the sale of the remaining 21 vessels, was completed on September 8, 2022.