UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
____________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15-d16
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE
OF REPORT: JANUARY 31, 2008
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
ý Form
40-F ¨
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
¨ No ý
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
¨ No ý
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
¨ No
ý
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 copy of a press release of Capital Product Partners L.P.,
dated January 31, 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:
|
Capital
GP L.L.C., its general partner
|
| /s/ Ioannis E. Lazaridis | |
|
Name: Ioannis
E. Lazaridis
|
|
|
Title: Chief
Executive Officer and Chief Financial Officer of Capital GP
L.L.C.
|
|
Dated: January
31, 2008
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P.
SECURES A $350
MILLION NON-AMORTIZING REVOLVING CREDIT FACILITY
Athens,
Greece,
January 31, 2008 -- Capital Product Partners L.P. (Nasdaq:CPLP) today announced
that it has secured a firm commitment for a new ten-year revolving credit
facility of up to $350 million which is non-amortizing until March 31, 2013.
HSH
Nordbank and DnB Nor Markets will act as lead arranger and co-arranger,
respectively.
The
facility
carries a rate of LIBOR +110 basis points and a commitment fee of 32.5 basis
points. The company intends to swap the LIBOR portion of any amounts drawn
down
under this facility into a fixed rate until the end of the non-amortizing
period
in March 2013.
Ioannis
Lazaridis,
Chief Executive and Chief Financial Officer of Capital Product Partners'
general
partner, said, “We are very pleased that in the current credit market conditions
we have secured a firm commitment for a non-amortizing revolving credit facility
of up to $350 million, which provides us with the capital and financial
flexibility to continue to grow our company. The credit facility is intended
to
finance up to 50% of the purchase price of any potential future drop downs
of
modern tanker vessels to Capital Product Partners L.P. from Capital Maritime
& Trading Corp. or any third parties.”
The
company expects
to complete the facility by the end of the first quarter of 2008. Completion
is
subject to the execution of definitive documents, satisfaction of customary
conditions to closing as well as approval by the Board of Directors of Capital
Product Partners L.P.
About
Capital
Product Partners L.P.
Capital
Product
Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited partnership,
is
an international owner of product tankers. The Partnership owns 14 modern
product tankers, including 12 Ice Class 1A medium-range tankers and one small
tanker, and has an agreement to purchase three additional MR product tankers
from Capital Maritime & Trading Corp. All 16 vessels are under medium- to
long-term charters to BP Shipping Limited, Morgan Stanley, Overseas Shipholding
Group and Trafigura Beheer B.V.
Forward-Looking
Statements
The
statements in
this press release that are not historical facts, including statements regarding
the completion of loan documentation, terms of the loan and expected drop
down
of vessels, 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
Contacts:
Ioannis
Lazaridis
Chief
Executive
Officer and Chief Financial Officer
Capital
GP
L.L.C.
+30
(210)
4584950
i.lazaridis@capitalpplp.com
Jerry
Kalogiratos
Commercial
Officer
Capital
Maritime
& Trading Corp.
+30
(210)
4584950
j.kalogiratos@capitalmaritime.com
Merete
Serck-Hanssen
SVP
Finance
Capital
Maritime
& Trading Corp.
+1
(203) 539-6026
m.serckhanssen@capitalmaritime.com
Robert
Ferris
RF|Binder
Partners
Inc.
+1
(212) 994-7505
Robert.ferris@rfbinder.com