GasLog Partners Secures Refinancing Loan

GasLog Partners Secures Refinancing Loan
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.

Press Release

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >