GasLog Partners Raises USD 186 Million

GasLog Partners announced the closing of its initial public offering of 9,660,000 common units representing limited partner interests, including 1,260,000 common units issued upon the exercise in full by the underwriters of their option to purchase additional units.

The public offering price was $21.00 per common unit. The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately $186 million.

The proceeds from the offering were used principally to reduce indebtedness and for general partnership purposes, with the remainder distributed to GasLog.

GasLog Partners is a master limited partnership formed by GasLog to own, operate and acquire LNG carriers with multi-year charters. The initial fleet of GasLog Partners consists of three LNG carriers, each of which has a carrying capacity of 155,000 cbm and a multi-year charter.

Press Release, May 13, 2014; Image: GasLog

Share this article

Follow LNG World News

Events>

<< Apr 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 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >