Capital Product Partners L.P. Announces The Sale Of One 9,300 TEU And Two 5,100 TEU Container Vessels
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners L.P. (NASDAQ:CPLP) announced the sale of three container vessels, including one 9,300 TEU and two 5,100 TEU ships, with expected delivery to the buyers by March and April 2024, respectively. The sales, including a previously announced vessel, are expected to generate gross cash proceeds of approximately $81.0 million after debt repayment.
March 04, 2024 | 2:07 pm
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Capital Product Partners L.P. announced the sale of three container vessels, expecting to generate $81.0 million in gross cash proceeds after debt repayment.
The sale of these vessels is likely to have a positive short-term impact on CPLP's stock price due to the significant cash inflow expected from the transactions. This cash inflow can be used for debt repayment, further investments, or distribution to shareholders, all of which can be viewed positively by the market.
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