Business Context and Reporting Period
This Form 6-K filing by Capital Product Partners L.P. (noted in metadata as Capital Clean Energy Carriers Corp.) covers the month of May 2012, with the report dated May 23, 2012. The filing details amendments to the Partnership's credit facilities following a debt prepayment.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, or margin figures. The primary financial metric disclosed is a debt repayment of $149.6 million across three credit facilities, funded by net proceeds from an issuance of Class B Convertible Preferred Units and existing cash balances.
Material Changes
On May 21, 2012, the Partnership entered into amendments to three specific credit facilities to reflect the prepayment of $149.6 million in debt. These amendments were executed in connection with the previously announced capital raise.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard incorporation of the credit facility agreements by reference. The document notes that the description of the amendments is qualified by the full terms of the Ninth Supplemental Agreement to the $370.0 Million Revolving Credit Facility, the Third Supplemental Agreement to the $350.0 Million Revolving Credit Facility, and the Supplemental Letter to the $25.0 Million Loan Agreement with Emporiki Bank Of Greece S.A.
Investor Verification Points
- Verify the terms of the Ninth Supplemental Agreement to the $370.0 Million Revolving Credit Facility (Exhibit I).
- Verify the terms of the Third Supplemental Agreement to the $350.0 Million Revolving Credit Facility (Exhibit II).
- Verify the terms of the Supplemental Letter to the $25.0 Million Loan Agreement with Emporiki Bank Of Greece S.A. (Exhibit III).
- Confirm the final utilization of proceeds from the Class B Convertible Preferred Units issuance.