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Borrowings (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Borrowings

Borrowings as of June 30, 2024 and December 31, 2023 consisted of the following:

 

 

June 30, 2024

 

 

December 31, 2023

 

Credit facilities

 

$

1,019,721

 

 

$

908,288

 

Financial liabilities

 

 

522,913

 

 

 

502,275

 

Finance lease liabilities

 

 

444,901

 

 

 

468,414

 

Total borrowings

 

$

1,987,535

 

 

$

1,878,977

 

Less: Current portion of long-term borrowings, net

 

 

(529,651

)

 

 

(285,036

)

Less: Deferred finance costs, net

 

 

(20,321

)

 

 

(17,514

)

Long-term borrowings, net

 

$

1,437,563

 

 

$

1,576,427

 

Borrowings - Maturities of Long Term Debt

The maturity table below reflects the principal payments for the next five 12-month periods ending June 30 of all borrowings of Navios Partners outstanding as of June 30, 2024, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities.

 

Period

 

Amount

 

2025

 

$

535,500

 

2026

 

 

311,344

 

2027

 

 

226,902

 

2028

 

 

210,149

 

2029

 

 

136,541

 

2030 and thereafter

 

 

567,099

 

Total

 

$

1,987,535