Capital Product Partners, a Greece-based tanker owner, has acquired three more container ships for $195 million.
The Nasdaq-listed company is partly funding the purchase of the 5,023-TEU vessels from a new $200 million senior secured credit facility with the Dutch ING Bank and HSH Nordbank, the German ship financier, and the proceeds from a recent share sale.
The 2013-built ships, which were acquired from CPP’s sponsor, Capital Maritime & Trading, have been chartered to Korea’s Hyundai Merchant Marine for 12 years at a gross daily rate of $29,350.
“These transactions offer long term cash flow visibility to our shareholders and further diversify our revenue stream,” said Chief Executive Ioannis Lazaridis.
CPP’s 30-ship fleet consists mainly of oil and products tankers and seven post-Panamax container vessels.