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: JUNE 17, 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.
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Form
20-F x
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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
o
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No
x
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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
o
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No
x
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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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o
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No
x
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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 June 17, 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 | |||
| 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: June
17, 2008
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES SUCCESSFUL DELIVERY OF ITS SEVENTEENTH TANKER,
'ARISTOTELIS II’
ATHENS,
Greece, June 17, 2008 -- Capital Product Partners L.P. (Nasdaq:CPLP) announced
today that it has taken successful delivery of its seventeenth tanker, the
Aristotelis II, from STX Shipbuilding Co., Ltd., a leading Korean
shipyard.
The
Aristotelis II has a carrying capacity of 51,226 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 fully
funded with debt through draw-downs on CPLP’s revolving credit facilities. The
Partnership has swapped the interest costs of the amounts drawn until the end of
the non-amortizing periods of its respective facilities.
The
Aristotelis II is the second of three 51,000 dwt MR chemical/product tanker
sister vessels to be delivered in 2008. The first vessel was delivered in
January and the remaining vessel is scheduled for delivery in August of this
year. 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 sixth contracted newbuilding 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 Aristotelis
II wholly with debt. Our intention is to also fund fully with debt the sister
vessel scheduled for delivery in August.”
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. Following
the acquisition of the Aristotelis II, Capital Product Partners L.P. owns 17
vessels, including 14 modern MR tankers, two small product tankers and one
Suezmax crude oil tanker and has agreements to
purchase one additional product tanker from Capital Maritime & Trading Corp.
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 Statement:
The
statements in this press release that are not historical facts, including
statements regarding expected delivery 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-G
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CONTACTS:
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Capital GP
L.L.C.
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Ioannis
Lazaridis, Chief Executive Officer and
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Chief
Financial Officer
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+44 (791)
761-5431
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i.lazaridis@capitalpplp.com
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Capital
Maritime & Trading Corp.
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Merete
Serck-Hanssen, SVP Finance
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+1 (203)
918-0703
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m.serckhanssen@capitalmaritime.com
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