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home / news releases / CPLP - Capital Product Partners offloads two container vessels for $195M


CPLP - Capital Product Partners offloads two container vessels for $195M

Capital Product Partners (CPLP) sold two 9,288 TEU container vessels - M/V CMA CGM Magdalena and M/V Adonis to an unaffiliated third party for a total consideration of $195M.Delivery of the two vessels is expected in May and July/August 2021.The carrying value of M/V Adonis and the M/V CMA CGM Magdalena at the end of Q1 stood at $72.7M and $71.7M respectively.The company expects $97.6M in gross cash proceeds from the sale, after repaying outstanding debt.

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Capital Product Partners offloads two container vessels for $195M
Stock Information

Company Name: Capital Product Partners L.P.
Stock Symbol: CPLP
Market: NASDAQ
Website: capitalpplp.com

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