By William Gullotti
Buffalo, N.Y., Oct. 20 – Capital Product Partners LP priced €150 million of bonds 2.65% bonds due 2026, according to a press release on Wednesday.
The bonds will be guaranteed by Capital Product Partners and issued by wholly owned subsidiary CPLP Shipping Holdings plc.
Trading of the bonds is expected to commence on the Athens Exchange effective Oct. 25.
Proceeds will be used for vessel acquisitions and working capital.
Capital Product is an Athens, Greece-based tanker company that transports crude oil and refined petroleum products, edible oils and soft chemicals.
| Issuer: | CPLP Shipping Holdings plc
|
| Guarantor: | Capital Product Partners LP
|
| Issue: | Bonds
|
| Amount: | €150 million
|
| Maturity: | 2026
|
| Coupon: | 2.65%
|
| Settlement date: | Oct. 22
|
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