Capital Product Partners L.P. Announces the Successful Delivery of the LNG Carrier ‘Adamastos’
On November 29, 2021, Capital Product Partners L.P. (CPLP) announced the delivery of the LNG carrier ‘Adamastos’ as part of an acquisition of three LNG carriers from CGC Operating Corp. The total acquisition cost was $220 million, which included $76.9 million in cash and $143.1 million in assumed debt. This vessel is a latest-generation X-DF LNG carrier with a capacity of 174,000 CBM, built by Hyundai Heavy Industries in 2021. CPLP now owns 21 vessels, with plans for further acquisitions in the LNG sector.
- Acquisition of LNG carrier 'Adamastos' enhances fleet with latest-generation technology.
- Total acquisition cost of $220 million is financed partly through cash and assumed debt, reflecting strategic financial management.
- None.
ATHENS, Greece, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership,” “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced the successful delivery of the LNG carrier ‘Adamastos’.
Pursuant to the exercise of the option to acquire three LNG carriers (the “Optional Vessels”) from CGC Operating Corp. (the “Seller”) announced on November 4, 2021, the Partnership took delivery on November 29, 2021, the LNG carrier ‘Adamastos’ (174,000 CBM, latest generation X-DF LNG carriers built 2021, Hyundai Heavy Industries Co., Ltd). The vessel was acquired for a total consideration of
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels. CPLP currently owns 21 vessels, including 12 Neo-Panamax container vessels, three Panamax container vessels, one Capesize bulk carrier and five LNG carriers, and has agreed to acquire one additional LNG carrier.
For more information about the Partnership, please visit: www.capitalpplp.com.
Forward-Looking Statements
The statements in this press release that are not historical facts, including among other things, the expected performance of CPLP following the acquisition and CPLP’s expectations or objectives regarding future distributions, 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 that could cause the stated or forecasted results to be materially different 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. Unless required by law, CPLP expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because 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 the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.
CPLP-F
Contact Details:
Capital GP L.L.C.
Jerry Kalogiratos
CEO
Tel. +30 (210) 4584 950
E-mail: j.kalogiratos@capitalpplp.com
Capital GP L.L.C.
Nikos Kalapotharakos
CFO
Tel. +30 (210) 4584 950
E-mail: n.kalapotharakos@capitalmaritime.com
Investor Relations / Media
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.com
Source: Capital Product Partners L.P.
FAQ
What is the significance of the LNG carrier 'Adamastos' delivery for CPLP?
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When did CPLP take delivery of the LNG carrier 'Adamastos'?
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