Jan 31 (Reuters) - Capital Product Partners Lp ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER 2017 FINANCIAL RESULTS, THE COMPLETED ACQUISITION OF THE M/T ‘ARISTAIOS’, AS WELL AS THE SALE OF THE M/T ‘ARISTOTELIS’ AND THE ACQUISITION OF THE M/T ‘ANIKITOS’.Q4 REVENUE $64.1 MILLION VERSUS I/B/E/S VIEW $60.2 MILLION.Q4 EARNINGS PER SHARE $0.03.Q4 EARNINGS PER SHARE VIEW $0.06 -- THOMSON REUTERS I/B/E/S.CAPITAL PRODUCT PARTNERS - AGREED TO BUY, CONDITIONAL UPON SUCCESFUL COMPLETION OF SALE OF M/T 'ARISTOTELIS', M/T 'ANIKITOS' FOR ABOUT $31.5 MILLION .CAPITAL PRODUCT PARTNERS- INTENTS TO FUND ACQUISITION OF M/T 'ANIKITOS' WITH PROCEEDS TO BE RECEIVED FROM SALE OF M/T 'ARISTOTELIS', AMONG OTHERS.AGREEMENT TO ACQUIRE M/T 'ANIKITOS' WAS ENTERED INTO ON AN ARM'S LENGTH BASIS AND WAS APPROVED BY BOARD .CAPITAL PRODUCT PARTNERS - GROWING INTRA-ASIAN PRODUCTS TRADE AND U.S. PRODUCTS EXPORTS ARE EXPECTED TO BE KEY FACTORS FOR PRODUCTS TRADE GROWTH IN 2018.CAPITAL PRODUCT PARTNERS - EXPECT PARTNERSHIP TO TAKE DELIVERY OF M/T 'ANIKITOS' IN MARCH 2018, FOLLOWING DELIVERY OF M/T 'ARISTOTELIS' TO NEW OWNERS.
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Jan 11 (Reuters) - Capital Product Partners Lp ::CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES ACQUISITION OF AFRAMAX M/T ‘ARISTAIOS’ WITH FOUR YEAR REMAINING TIME CHARTER ATTACHED.CAPITAL PRODUCT PARTNERS LP - DEAL FOR A TOTAL CONSIDERATION OF $52.5 MILLION.CAPITAL PRODUCT PARTNERS LP - INTENDS TO FUND DEAL THROUGH AVAILABLE CASH OF $24.2 MILLION AND $28.3 MILLION TERM LOAN.
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Oct 27 (Reuters) - Capital Product Partners LP ::Capital Product Partners L.P. announces third quarter 2017 financial results and the successful refinancing of substantially all of the partnership's indebtedness.Q3 revenue $62.7 million versus I/B/E/S view $60.5 million.Q3 earnings per share $0.05.Q3 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.Capital Product Partners - product tanker spot market modestly improved in Q3 versus previous quarter, but rates remained at relatively depressed levels.Capital Product Partners LP - expect that co will consider a potential reduction in capital reserve from next quarter onwards.Capital Product Partners - product tanker spot market saw a short-lived increase in oil product movements in wake of hurricane Harvey.Capital Product Partners - sentiment in Suezmax spot market was "soft" during Q3, as rates further retreated versus preceding quarter.Capital product partners- incremental product tanker demand in Q3 offset by high tonnage availability following firm fleet expansion since start of 2017.Capital Product Partners LP - rapid fleet growth was a key factor for weak spot rate environment in Suezmax tanker market during quarter.Capital Product Partners-over last few months, OECD oil product stocks been decreasing, which bodes well for product tanker demand in medium to long run.
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Oct 5 (Reuters) - Capital Product Partners LP :Capital Product Partners L.P. announces the appointment of Mr. Keith Forman as non-executive chairman of the board.Capital Product Partners LP - Forman will replace Ioannis Lazaridis, who resigned as chairman of board of partnership in September 2017.Capital Product Partners LP - Forman has been an independent non-executive director of partnership since April 2007.
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Sept 7 (Reuters) - Capital Product Partners Lp :Capital Product - to use net proceeds of new facility, with available cash, to refinance its indebtedness under credit facilities during Q4 2017.
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July 28 (Reuters) - Capital Product Partners Lp :Capital Product Partners L.P. announces second quarter 2017 financial results, entering into a firm offer letter for a new $460 million credit facility for the refinancing of substantially all of the partnership's indebtedeness and fleet employment update.Q2 earnings per share $0.06.Q2 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Q2 revenue $62.1 million versus I/B/E/S view $60.6 million.Capital Product Partners LP - Charter coverage for 2017 and 2018 stands at 83 percent and 52 percent, respectively.
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Capital Product Partners LP : Capital Product Partners LP announces increased cash distribution .Capital Product Partners - declared cash distribution of $0.08/common unit for Q4 2016, represents increase of $0.005 from $0.075 per unit for Q3 2016.
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Capital Product Partners Lp : Capital Product Partners L.P. - announces third quarter 2016 financial results, the acquisition of the product tanker m/t 'AMOR' and an increase to its quarterly distribution from the fourth quarter 2016 onwards to $0.08 per common unit . Q3 revenue $60.3 million versus I/B/E/S view $58.2 million . Q3 earnings per share $0.07 . Q3 earnings per share view $0.08 -- Thomson Reuters I/B/E/S .Capital Product Partners - Board decided to approve increase by 0.5 cents in quarterly distribution for Q4 2016 onwards to $0.08 per common unit.
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Capital Product Partners Lp : As of june 30, 2016, partnership's total debt increased by $26.3 million to $597.9 million, versus $571.6 million as of december 31, 2015 . Capital product partners l.p. Announces second quarter 2016 financial results and fleet employment updates . Q2 revenue $60.9 million versus i/b/e/s view $60.9 million . Q2 earnings per share $0.10 . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . "product tanker market remained under pressure in q2 of 2016" .Impact of hmm vessels charter rate reduction will adversely affect our cash flows until end of 2019.
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