GasLog rakes in over USD 111 mln in public offering

GasLog, an international owner, operator and manager of LNG carriers, said it has closed its public offering of the Series A preference shares.

GasLog offered 4.6 million shares of 8.75% Series A cumulative redeemable perpetual preference shares, par value $0.01 per share, liquidation preference $25.00 per share priced at $25.00 per share, including 600,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional Series A preference shares, the company said in a statement.

The net proceeds from the offering after deducting underwriting discounts and commissions are approximately $111,337,500.

UBS Securities, Morgan Stanley & Co. and Stifel are acting as joint book-running managers of the offering. Credit Suisse Securities (USA) is acting as joint lead manager.

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Image: Gaslog