GasLog Partners plans share sale

gasLog

GasLog Partners announced that it plans to offer its Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units, liquidation preference $25.00 per unit in a public offering under its effective shelf registration statement.

The Partnership intends to grant the underwriters a 30-day option to purchase additional Series B Preference Units from the Partnership. The Partnership intends to file an application to list the Series B Preference Units on the New York Stock Exchange.

The Partnership plans to use the net proceeds from the public offering for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital. We currently expect that this will include future acquisitions from GasLog Ltd., our parent.

Morgan Stanley, UBS Investment Bank, Stifel and Citigroup are acting as joint book-runners for the offering and Credit Suisse is acting as co-manager for the offering.

Source: GasLog

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