In a statement Nasdaq-quoted CPLP acknowledged that the “pursuit of this transaction was opportunistic” but declined to elaborate further.
The operator also failed to shed light on whether the decision will impact efforts to finalise a new $260m senior secured credit facility.
When CPLP first announced plans to sell first-priority ship mortgage notes due 2022 late last month it said proceeds from this initiative and the facility would be used to repay outstanding loans minted in 2007, 2008 and 2011.
Moody’s
