GasLog Partners rakes in US$111 million for LNG acquisitions
Thursday, Jan 18, 2018
GasLog Partners LP has announced the closing of its public offering of 4,600,000 8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units, liquidation preference US$25.00 per unit (the "Series B Preference Units") at a price to the public of US$25.00 per unit, including 600,000 units issued upon the exercise in full by the underwriters of their option to purchase additional Series B Preference Units.  The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately US$111.0 million.  The Series B Preference Units will be listed on the New York Stock Exchange under the symbol GLOP PR B.

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, Stifel and Citigroup acted as joint book-runners for the offering and Credit Suisse acted as co-manager for the offering.

The offering was made only by means of a prospectus.  A copy of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, telephone: 1-866-718-1649, UBS Securities LLC, Attention: Prospectus Specialist, 1285 Avenue of the Americas, New York, New York 10019, telephone: (888) 827-7275, Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300-7136, email: and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on October 10, 2017.  This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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