Capital Product Partners L.P. announced that it has entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP L.L.C. providing for the acquisition of the 11 newbuild LNG carriers from Capital Maritime for a total acquisition price of $3,130.0 million. The vessels will be purchased through the acquisition of 100% of the equity interests in the applicable vessel-owning company.

The LNG/C Amore Mio I has been delivered in October 2023 and they expect to acquire its vessel-owning company on or about the closing date of the Umbrella Agreement. The acquisition of this vessel was financed through a $196.3 million sale and leaseback transaction between the vessel-owning company and CMB Financial Leasing Co. Ltd. For the vessel-owning companies of the LNG/Cs Axios II, Assos, Apostolos Aktoras, Archimidis and Agamemnon they expect to pay on the Closing Date a 10% deposit on their respective purchase prices.

They will acquire each Initial Vessel after the applicable vessel?s construction completion and delivery from the shipbuilder. The vessel-owning companies of the LNG/Cs Alcaios I, Antaios I, Athlos and Archon will be acquired on the Closing Date and we will take over their obligations under the respective shipbuilding contracts with Hyundai. They expect that the total amount due on or about the Closing Date to Capital Maritime will be $454.2 million, reflecting the acquisition of Amore Mio I - net of the Amore Mio I Debt, which is expected to be carried over - the 10% deposit for the Initial Vessels and the amount due for acquiring the Remaining Vessels.

On delivery of each Initial Vessel, they will pay the balance of the purchase price for such vessel to Capital Maritime, which will total $1,569.6 million for all Initial Vessels. For the Remaining Vessels, they expect to pay an additional total amount of $909.9 million to Hyundai in pre-delivery and delivery installments.