Capital Product Partners cancels “opportunistic” fundraiser

Capital Product Partners cancels “opportunistic” fundraiser

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.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

Related Posts