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.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 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

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >