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GasLog Partners closes public offering

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LNG Industry,

GasLog Partners LP has announced the closing of its public offering of 7.5 million common units, representing limited partner interests. The public offering price was US$23.90 per common unit.

The net proceeds from the offering were approximately US$175.78 million.

GasLog Partners has advised that it will use the net proceeds from the offering to fund the acquisition of 100% of the ownership interests in GAS-nineteen Ltd, GAS-twenty Ltd and GAS-twenty one Ltd., the entities that own the Methane Alison Victoria, the Methane Shirley Elisabeth and the Methane Heather Sally LNG carriers from GasLog Ltd. It will use the proceeds to prepay amounts under an existing credit facility related to the LNG carriers being acquired. The Acquisition is expected to close in early July following the return from drydocking of the Methane Alison Victoria.

Edited from press release by

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