Daily News: September 8, 2017

ING, Others Provide $460MM Facility to Capital Product Partners


Capital Product Partners entered into a firm offer letter for a new senior secured term loan facility in an aggregate principal amount of up to $460 million.

The syndicate of lenders was led by HSH Nordbank and ING Bank as mandated lead arrangers and bookrunners, and BNP Paribas and National Bank of Greece as arrangers.

Capital Product Partners expects to use the net proceeds of the new facility, together with available cash, to refinance its indebtedness under its 2007, 2008, 2011 and 2013 credit facilities during the Q4/17.

Capital Product Partners, a Marshall Islands master limited partnership, is an international owner of tanker, container and drybulk vessels.