CPLP - Capital Product Partners prices Euro100M in unsecured bonds offering
- Capital Product Partners ( NASDAQ: CPLP ) wholly owned subsidiary, CPLP Shipping successfully priced its earlier announced offering of €100M of unsecured bonds in Greece.
- The bonds will mature in 2029 and will have a coupon of 4.40%, payable semi-annually.
- The company estimates the expenses of the offering to be ~€3.4M.
- Offer and settlement is expected to occur on July 26, 2022.
- The trading of the bonds on the Athens Exchange is expected to commence on July 27, 2022.
- Proceeds will be used to either repay debt or/and to finance the acquisition of new vessels and the remainder of such proceeds, if any, will be used to finance working capital needs.
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Capital Product Partners prices €100M in unsecured bonds offering