Our firm advised the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.) in connection with the bond issuance of €100,000,000, 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 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.
The listing of the bonds in the Athens Exchange on the 27th of July marks the second successful bond issuance of CPLP within less than a year. The offering received an overly positive response by investors by being over 3.5 times oversubscribed and priced at 4.40%, 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 Senior Associate Zisis Papazisis and the Trainee lawyer Georgios Zervakis.