GasLog Partners said that the partnership’s vessel owning units have signed the previously announced $450.0 million credit facility to refinance the $486.7 million outstanding under the partnership’s existing three credit facilities.
The borrowers under the new facility are the partnership’s vessel owning subsidiaries, and the lenders and arrangers are Citibank, London Branch, Nordea Bank Finland, London Branch, DVB Bank America, ABN Amro Bank, Skandinaviska Enskilda Banken and BNP Paribas.
Andrew Orekar, Chief Executive Office of GasLog Partners commented, “I am very pleased to have signed this financing, at what I believe are attractive rates, six months after completing our initial public offering in May. This financing simplifies the partnership’s funding arrangements, bringing the existing loans into one single facility.”
Press Release; Image: GasLog