GasLog Partners cash in $139 million through shares sale

GasLog Partners cash in $138.6 million through shares sale
Image courtesy of GasLog

GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in $138.61 million through a public offering of 5,750,000 shares. 

Shares priced at $25 per unit to the public include the 750,000 units issued upon the exercise in full by the underwriters of their option to purchase additional shares.

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.

GasLog Partners currently expects that the net proceeds will also be used for future acquisitions from the partnership’s parent company, GasLog.

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