GasLog said on Monday that its board of directors has authorized the company to make a confidential submission to the United States Securities and Exchange Commission of a draft registration statement on Form F-1 for an initial public offering of units in a master limited partnership to be formed to own certain of GasLog’s LNG carriers with multi-year charters.
The proceeds of the offering would principally be used to reduce indebtedness, the company said in a statement.
Completion of the initial public offering is subject to further board authorization as well as completion of the SEC review process, GasLog added.
[mappress] LNG World News Staff, January 13, 2014; Image: GasLog