GasLog Partners LP GLOP announced today that the partnership’s vessel owning subsidiaries have signed the previously announced USD 450 million credit facility to refinance the USD 486.7 million outstanding under the existing three credit facilities.
The lenders and arrangers are Citibank, N.A., London Branch, Nordea Bank Finland plc, London Branch, DVB Bank America N.V., ABN Amro Bank N.V., Skandinaviska Enskilda Banken AB and BNP Paribas, the LNG carrier-owner said.
Andrew Orekar, Chief Executive Office of GasLog Partners said, “I am very pleased to have signed this financing, at what I believe are attractive rates, six months after completing our initial public offering in May. This financing simplifies the Partnership’s funding arrangements, bringing the existing loans into one single facility.”
GasLog said that the new facility will be payable over five years in 20 equal installments of USD 5.6 million with a balloon payment of USD 337.5 million payable together with the final quarterly payment.