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
DATE
OF REPORT: AUGUST 20, 2008
Commission
File Number 001-33373
CAPITAL
PRODUCT PARTNERS L.P.
(Translation
of registrant’s name into English)
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.
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Form
20-F
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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):
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Yes
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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):
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Yes
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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.
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Yes
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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 August
20, 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.
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CAPITAL
PRODUCT PARTNERS L.P.,
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By:
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Capital
GP L.L.C., its general partner
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/s/
Ioannis E. Lazaridis
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| Name: |
Ioannis
E. Lazaridis
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| Title: |
Chief
Executive Officer and
Chief Financial Officer of Capital GP L.L.C. |
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Dated: August
20, 2008
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES SUCCESSFUL DELIVERY OF
ITS
EIGHTEENTH TANKER “ARIS II”
ATHENS,
Greece, August 20, 2008 -- Capital Product Partners L.P. (Nasdaq:CPLP) announced
today that it has taken successful delivery of its eighteenth tanker, the Aris
II, from STX Shipbuilding Co., Ltd., a leading Korean shipyard.
The Aris
II has a carrying capacity of 51,218 dwt and is capable of transporting a range
of refined oil products, chemicals and crude oil worldwide. The vessel has
been fixed under a bareboat charter commencing at the time of delivery with
Overseas Shipholding Group Inc. (OSG), for ten years at a base rate of $13,000
per day. The vessel's purchase price of $48 million has been funded with
debt through drawdowns on CPLP's revolving credit facilities and with $2 million
in cash. The Partnership has swapped the interest costs of the amounts drawn
down until the end of the non-amortizing periods of its respective
facilities.
The Aris
II is the third of three 51,000 dwt MR chemical/product tanker sister vessels
delivered in 2008 all of which are under bareboat charter to OSG. OSG has an
option to purchase each vessel at the end of the eighth, ninth or tenth year of
its charter, which is exercisable six months before the date of completion of
the relevant year of the charter.
Ioannis
Lazaridis, Chief Executive and Chief Financial Officer of Capital Product
Partners' general partner, said, “We are pleased to
take delivery on schedule of our seventh contracted new building since the IPO,
providing accretive growth consistent with our strategy and extending our
relationship with OSG. Taking advantage of our balance sheet strength and
following the signing of our new revolving facility earlier in the year, we
funded the acquisition of Aris II primarily with debt.”
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 vessels, including 15 modern MR tankers,
two small product tankers and one Suezmax crude oil tanker. All 18 vessels
are under medium to long-term charters to BP Shipping Limited, Morgan Stanley
Capital Group Inc., Overseas Shipholding Group, Shell International Trading
& Shipping Company Ltd., and Trafigura Beheer B.V.
Forward
Looking Statements:
The
statements in this press release that are not historical facts, including
statements regarding expected commencements and expirations of time charters,
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-G
| CONTACTS: |
Capital
GP L.L.C.
Ioannis Lazaridis, Chief Executive Officer
and
Chief Financial Officer
+30 (210) 4584-950
i.lazaridis@capitalpplp.com
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|
Capital
Maritime & Trading Corp.
Merete Serck-Hanssen, SVP Finance
+1 (203) 539-6273
m.serckhanssen@capitalpplp.com
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