Our firm advised the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.) in connection with bond issuance of €150,000,000, by CPLP Shipping Holdings PLC, with the guarantee of its parent entity, Capital Product Partners L.P., an international shipping company engaged in seaborne transportation of natural gas, containerized goods and dry cargo. The proceeds will be primarily used for the expansion of its current fleet consisting of 19 high specification vessels with 3 new-built liquefied natural gas (LNG) carriers.
Capital Product Partners L.P. was the second shipping company to launch a bond issuance in Greek market, following Costamare earlier this year. The offering received an overly positive response by investors by being over 5 times oversubscribed and priced at 2.65%, at the lower end of the interest range.
Our Financial Regulation and Capital Markets team was led by our Partner Alexandra Kondyli assisted by Senior Associate Eleana Rouga and Associate Iliana Ioannou. Our Banking and Finance team was led by our Partner Nikos Fragos assisted by Associate Georgia Perivolioti.