CAPITAL PRODUCT PARTNERS LP: ANNOUNCES THE PRICE OF 150 MILLION UNSECURED BONDS – Form 6-K

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CAPITAL PRODUCT PARTNERS LP ANNOUNCES THE PRICE OF 150 MILLION EUROS OF UNSECURED BONDS

ATHENS, GREECE – (GLOBENEWSWIRE) – 10/20/21 – Capital Product Partners LP (the “Partnership”, “CPLP” or “we” https://www.marketscreener.com/ “us”) (NASDAQ: CPLP) , an international ocean-going vessel owner, today announced that its wholly-owned subsidiary, CPLP Shipping Holdings PLC, has succeeded in pricing its previously announced offer of € 150 million of unsecured bonds ( the “Bonds”) in Greece. The Bonds will be guaranteed by the CPLP. The Bonds will mature in 2026 and will have a coupon of 2.65%, payable semi-annually. The offer is subject to customary closing conditions and settlement is expected to occur on October 22, 2021. Trading in the Bonds on the Athens Stock Exchange is expected to begin on October 25, 2021.

The net proceeds of the offer are intended to be used to partially finance the acquisition of three sister ships X-DF LNG, which the Partnership has the option to acquire, granted in the context of the acquisition of three other X-DF LNG ships, as announced on August 31, 2021 (the “Optional Ships”). The optional vessels are expected to be acquired at an average price of $ 207.7 million per vessel with total contract revenues of approximately $ 429.0 million and an average overall daily rate of approximately $ 70,650 per day. The optional vessels are all built in 2021 and are chartered to BP Gas Marketing Limited (“BP”), Cheniere Marketing International LLP and Engie Energy Marketing Singapore Pte Ltd with a remaining charter term of 6.3 years, which includes in in the case of the BP time charter the first two optional periods.

Mr. Jerry Kalogiratos, CEO of our general partner, said:

“We are pleased to announce the closing of our first shipping bond on the Athens Stock Exchange. Successful bond issuance further diversifies our company’s sources of funding and enables us to execute our business plan with an attractive overall cost of capital. The bond was issued at the lower end of the yield range based on unusually high demand. ”

The Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any US state or other jurisdiction other than Greece and may not be offered or sold in the United States absent registration or exemption from the registration requirements of the Securities Act and any other applicable securities law. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be illegal. Furthermore, this announcement is not intended to constitute and does not constitute a public offer or an advertisement of securities in Greece or an invitation to make offers to purchase securities in an EEA Member State within the meaning of ‘art. 2 (d) or 2 (k) of the Prospectus Regulation, respectively.

About Capital Product Partners LP

Capital Product Partners LP (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international ocean-going vessel owner. CPLP currently owns 18 vessels, including twelve Neo-Panamax container ships, three Panamax container ships, one Capesize bulk carrier and two LNG carriers, and has agreed to acquire a third LNG carrier.

For more information on the Partnership, please visit: www.capitalpplp.com.

Forward-looking statements

Statements in this press release that are not historical facts, including but not limited to the use of the proceeds from the Bonds offering, are forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties which could cause declared or expected results to differ materially from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in CPLP’s Annual Report filed with the SEC on Form 20-F as completed and updated. updated by CPLP Form 6-K. dated October 12, 2021. Unless required by law, the CPLP expressly disclaims any

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obligation to update or revise any of these forward-looking statements, whether as a result of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. CPLP assumes no responsibility for the accuracy and completeness of forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.

CPLP-F

Contact details:

Capital GP SARL

Jerry Kalogiratos

CEO

Phone. +30 (210) 4584 950

E-mail:[email protected]

Capital GP SARL

Nikos Kalapotharakos

CFO

Phone. +30 (210) 4584 950

E-mail:[email protected]

Investor / Media Relations

Nicolas Bornozis

Capital Link, Inc. (New York)

Phone. + 1-212-661-7566

E-mail:[email protected]

Source: Capital Product Partners LP

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Disclaimer

Capital Product Partners LP published this content on 21 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 21, 2021 08:13:18 PM UTC.


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