GasLog Partners share sale proceeds at USD139m

Gaslog

GasLog Partners announced the closing of its public offering of 5,750,000 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units, liquidation preference $25.00 per unit (the “Series A Preference Units”) at a price to the public of $25.00 per unit, including 750,000 units issued upon the exercise in full by the underwriters of their option to purchase additional Series A Preference Units. The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately $138.61 million. The Series A Preference Units will be listed on the New York Stock Exchange under the symbol GLOP PR A.

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 (“GasLog”).

Morgan Stanley, UBS Investment Bank, Citigroup and Stifel acted as joint book-runners for the offering and ABN AMRO and BNP PARIBAS acted as co-managers for the offering.

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