GasLog Partners rakes in $77 million through public offering

GasLog Partners rakes in $77 million through public offering
Image courtesy of GasLog

GasLog Partners, a limited partnership set up by the Monaco-based LNG shipper GasLog, earned US$77.06 million through the offering of 3,750,000 common units. 

The company said in its statement on Friday that the units were priced at $20.5, adding that it plans to use the net proceeds for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital.

The Partnership expects the net proceeds will also be used for future acquisitions from GasLog.

GasLog Partners’ fleet consists of nine LNG carriers with an average carrying capacity of approximately 149,500-cbm, each of which has a multi-year time charter.

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 >