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>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 6

6th Mozambique Gas Summit & Exhibit

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

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

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

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >