UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For
the month of February, 2010
COMMISSION
FILE NUMBER 001-33373
CAPITAL
PRODUCT PARTNERS L.P.
(Translation
of registrant’s name into English)
3
IASSONOS STREET
PIRAEUS,
18537 GREECE
(address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Yes o No x
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Yes o No x
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “yes”
is marked, indicate below this file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
Item
1 – Information Contained in this Form 6-K Report
Attached
as Exhibit I is a press release of Capital Product Partners L.P., dated
February 22, 2010.
This
report on Form 6-K is hereby incorporated by reference into the registrant's
registration statement, registration number 333-153274, dated October 1,
2008.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
| CAPITAL PRODUCT PARTNERS L.P., | |||
|
|
By:
|
/s/ Ioannis E. Lazaridis | |
| Name: Ioannis E. Lazaridis | |||
| Title:
Chief Executive
Officer and Chief Financial Officer
of Capital GP L.L.C.
|
|||
Dated:
February 22, 2010
Exhibit I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES OFFERING OF 5,800,000 COMMON UNITS AND INTENTION
TO ACQUIRE MR TANKER M/T ATROTOS
Athens,
Greece, February 22, 2010 – Capital Product Partners
L.P. (the Partnership)
(Nasdaq: CPLP) announced today that it plans to offer 5,800,000 common units representing
limited partnership interests in a public offering. The Partnership expects to
grant the underwriters a 30-day option to purchase an additional 870,000 common units to cover
over-allotments, if any. The Partnership expects to use the net proceeds from
the public offering to acquire the M/T Atrotos (renamed M/T El Pipila), a medium
range product tanker vessel, from its sponsor Capital Maritime & Trading
Corp. (Capital
Maritime) and for general corporate expenses.
The
Partnership intends, subject to the successful completion of the offering, to
acquire the M/T Atrotos from Capital Maritime for a purchase price of $43
million, which will be funded by the proceeds from the offering. The M/T Atrotos
is a 48,000 dwt, Ice Class 1A, chemical/product tanker built in 2007 at Hyundai
MIPO Dockyard Co., Ltd. in South Korea. The vessel has been
chartered to Petróleos
Mexicanos (PEMEX), the state-owned Mexican petroleum company, through
Arrendadora Ocean Mexicana, S.A. de C.V., under a charter expected to expire in
March 2014. The net base rate under the charter is $19,900 per day. The vessel’s
operating expenses are fixed until the expiration of the charter at a daily rate
of $3,575.
The
acquisition of the M/T Atrotos was unanimously approved by the Partnership’s
Board of Directors following the unanimous approval and recommendation of the
Board's conflicts committee, which is comprised entirely of independent
directors.
The
Partnership’s common units trade on the Nasdaq Global Market under the symbol
“CPLP”.
The joint
book-running managers for this offering are UBS Investment Bank and Citi. The
senior manager is Barclays Capital and the co-managers are Oppenheimer
& Co. and Stifel Nicolaus.
When
available, copies of the prospectus supplement and accompanying base prospectus
related to this offering may be obtained from UBS
Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, NY
10171, or by calling UBS toll-free at: 888-827-7275 or from Citi, Brooklyn Army
Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 or by calling Citi
toll-free at: 800-831-9146.
This news
release does not constitute an offer to sell or a solicitation of an offer to
buy the securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This offering may be made only by
means of a prospectus supplement and accompanying base prospectus.
About
Capital Product Partners L.P.
Capital
Product Partners L.P. (Nasdaq: CPLP), a Marshall Islands master limited
partnership, is an international owner of modern double-hull tankers. Capital
Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two
small product tankers and one Suezmax crude oil tanker. Our vessels are under
medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital
Group Inc., Overseas Shipholding Group and Shell International Trading &
Shipping Company Ltd.
Forward
Looking Statement:
The
statements in this press release that are not historical facts, including the
expected acquisition of the M/T Atrotos, may be forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act of 1934, as
amended). These forward-looking statements involve risks and uncertainties that
could cause the stated or forecasted results to be materially different from
those anticipated. Unless required by law, we expressly disclaim any obligation
to update or revise any of these forward-looking statements, whether because of
future events, new information, a change in our views or expectations, to
conform them to actual results or otherwise. We assume no responsibility for the
accuracy and completeness of the forward-looking statements. We make no
prediction or statement about the performance of our common units.
CPLP-F
CONTACT: Capital
GP L.L.C.
Ioannis
Lazaridis, CEO and CFO
+30 (210)
4584 950
i.lazaridis@capitalpplp.com
Capital
Maritime & Trading Corp.
Jerry
Kalogiratos
+30 (210)
4584 950
j.kalogiratos@capitalpplp.com