Capital Clean Energy Carriers (CCEC) Registration Filing summary

Company overview and business model

• International owner of ocean-going vessels focused on gas carriage, with a fleet of 20 vessels including 12 LNG carriers and 8 container vessels, five of which are to be sold by Q1 2025.

• Under-construction fleet includes 6 LNG carriers, 6 dual-fuel gas carriers, and 4 liquid CO2/multi-gas carriers, with deliveries scheduled from Q1 2026 to Q3 2027.

• Converted from a Marshall Islands limited partnership to a corporation on August 26, 2024, with shares trading on Nasdaq under the symbol "CCEC."

Financial performance and metrics

• As of June 30, 2024, total borrowings were $2.60 billion, adjusted to $2.72 billion after refinancing and conversion events.

• Total capitalization and indebtedness as of June 30, 2024, was $3.83 billion, adjusted to $3.94 billion post-conversion.

• Recent refinancing activities included sale and leaseback agreements totaling $565 million and dividend payments of $8.3 million in August 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including vessel acquisitions, debt refinancing, working capital, capital expenditures, and share repurchases.