GasLog obtains bond terms amendment

GasLog obtains bond terms amendment

GasLog said that it has received approval from its Norwegian Bondholders to amend the bond agreement entered into with the Nordic Trustee ASA in June 2013.

GasLog said in a statement it has grown significantly since the initial launch of the bond in June 2013, adding vessels and further fixed rate revenue whilst also increasing access to the capital markets, through the initial public offering of GasLog Partners.

The company has been successful in obtaining an amendment to the bond terms to allow it greater flexibility to make dividend payments or distributions in any given year.

In return for this greater flexibility the company has agreed to certain additional customary financial covenants should dividends exceed a specified proportion of consolidated net profit, GasLog added.

Press Release; Image: SHI

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
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 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >