GasLog Partners Eyes Funds for Future Acquisitions

Image Courtesy: GasLog Partners

Greece-based GasLog Partners is looking to collect up to USD 121 million through a public offering of 5 million of its 8.625% series A preference units.

The partnership plans to use the net proceeds from the public offering for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital.

“We currently expect that this will include future acquisitions from GasLog Ltd., our parent,” the company informed.

The shares were priced at USD 25 per unit, the company said, adding that the underwriters have a 30-day option to purchase up to 750,000 additional series A preference units from the partnership.

GasLog Partners intends to file an application to list the Series A Preference Units on the New York Stock Exchange. The offering is expected to close on or about May 15, 2017.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

BWMTech North America

Are you operating to international standards? Clarify regulations. Plan BWMS integration…

read more >

NEVA 2017

The diversity of the Conference Programme is well-rounded by a broad spectrum of topics including Commercial Shipbuilding, Offshore and Marine…

read more >

LIQUEFACTION OF BULK CARGOES SEMINAR

GET TO GRIPS WITH:
– Mechanisms behind liquefaction
– Guidelines and regulations for bulk cargoes prone to liquefaction…

read more >

Seatrade Offshore Marine & Workboats Middle East

The largest event for offshore marine and workboat sectors in the region, Seatrade Offshore Marine & Workboats Middle East will, once again, serve as a meeting point for international industry professionals to come together and do business. Our 2017 show promises a wealth of networking opportunities, high-level discussions in our conferences on important industry trends, […]

read more >