Athens: NASDAQ-listed Capital Product Partners has cancelled plans to refinance its existing debt through the bond market, saying its pursuit of the transaction was “opportunistic”.
No further explanation for the U-turn was offered by the company, which operates 20 tankers plus two boxships and a capesize bulker.
On February 26, the Athens-based carrier announced plans to raise $260m from the sale of senior secured notes to refinance the debt.
At the time, Moody’s Investors Service gave the company a B2 probability of default rating.
