GasLog Partners to Collect USD 97 Mn in Public Offering

Owner and operator of LNG carriers GasLog Partners is looking to raise up to USD 97 million by selling shares to finance future fleet expansion.

The company has priced its public offering of 4 million units of 8.200% Series B cumulative redeemable perpetual fixed to floating rate preference units at a price to the public of USD 25.00 per unit.

Net proceeds from the public offering would be used for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital. GasLog Partners said that it currently expects the financing to cover future acquisitions from its parent, GasLog Ltd.

The underwriters have a 30-day option to purchase up to 600,000 additional units.  The partnership intends to file an application to list the units on the New York Stock Exchange.

GasLog Partners expects the offering to close on or about January 17, 2018.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2018 >>
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 30

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Bringing together the key LNG buyers and sellers from across the globe, the Summit provides…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >