GasLog Partners in public offering to fund LNG duo acquisition

GasLog announces public offering to fund the LNGc acquisition

GasLog Partners announced a public offering of 4,500,000 common units.

The partnership intends to grant the underwriters a 30-day option to purchase up to 675,000 additional common units from the partnership, it said in a statement.

GasLog Partners plans to use the net proceeds from the public offering to fund the acquisition of 100% of the ownership interests in GAS-sixteen and GAS-seventeen, the entities that own the liquefied natural gas carriers the Methane Rita Andrea and the Methane Jane Elizabeth, from GasLog, and to prepay amounts under an existing credit facility related to the vessels being acquired.

Citigroup Global Markets, Credit Suisse Securities (USA), Wells Fargo Securities, Barclays Capital and Evercore Group are acting as joint book-running managers and Deutsche Bank Securities, DNB Markets, Morgan Stanley & Co. and UBS Investment Bank are acting as co-managers for the offering.


Press Release, September 24, 2014; Image: BG

Share this article

Follow LNG World News


<< Oct 2019 >>
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

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >