GasLog Announces Public Offering

GasLog Announces Public Offering

GasLog said that it plans to offer 4,250,000 of its common shares to the public. The company intends to grant the underwriters of the Public Offering a 30-day option to purchase up to 637,500 additional common shares.

The company plans to use the net proceeds of the Public Offering to fund a portion of the purchase price of the company’s purchase of three LNG carriers from Methane Services, an affiliate of BG Group.

Citigroup Global Markets Inc. and RS Platou Markets AS are acting as joint book-running managers of the offering, which will be made under an effective shelf registration statement.


LNG World News Staff, April 11, 2014; Image: GasLog


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