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Borrowings (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Borrowings

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

 

 

December 31, 2024

 

 

December 31, 2023

 

Credit facilities

 

$

1,096,178

 

 

$

908,288

 

Financial liabilities

 

 

731,206

 

 

 

502,275

 

Finance lease liabilities

 

 

325,784

 

 

 

468,414

 

Total borrowings

 

$

2,153,168

 

 

$

1,878,977

 

Less: Current portion of long-term borrowings, net

 

 

(266,222

)

 

 

(285,036

)

Less: Deferred finance costs, net

 

 

(24,231

)

 

 

(17,514

)

Long-term borrowings, net

 

$

1,862,715

 

 

$

1,576,427

 

Borrowings - Maturity of Long Term Debt

The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of December 31, 2024, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities (as described above).

 

Period

 

Amount

 

2025

 

$

272,035

 

2026

 

 

345,207

 

2027

 

 

283,352

 

2028

 

 

293,736

 

2029

 

 

241,480

 

2030 and thereafter

 

 

717,358

 

Total

 

$

2,153,168