Capital Product to prepay loan amortization installments via offering

By Tali Rackner

Norfolk, Va., April 16 – Capital Product Partners LP plans to use the proceeds from a 12.8 million common unit offering to prepay the quarterly amortization installments scheduled for 2016 and the first quarter of 2017 under its 2007, 2008 and 2011 credit facilities pursuant to proposed amendments to these facilities, according to a press release.

Proceeds will also be used to pay related fees and expenses or, if the amendments do not become effective for any reason, to otherwise repay outstanding debt under its existing credit facilities; and for general partnership purposes.

Capital Product is an Athens-based tanker company that transports crude oil and refined petroleum products, edible oils and soft chemicals.

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