Capital
Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) announced today that
its public offering of common units closed on September 8, 2014.
Closing of
Public Offering of Common Units. The Partnership sold a total of 15,000,000
common units and has received approximately $151,245,000 in net proceeds,
before expenses, which will be used to (i) partially fund the approximately
$311,500,000 aggregate purchase price for three newbuild Daewoo 9,160 TEU
ecoflex containerships and two newbuild Samsung eco medium range product Tankers
(collectively, the “Vessels”), (ii) to repurchase from Capital Maritime &
Trading Corp.
(“Capital
Maritime”) 5,950,610 common units at an aggregate price of $60,000,000.63 and
to cancel such common units, and (iii) for general partnership purposes
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