GasLog cashes in $250 million through public offering

GasLog, an international owner, operator and manager of LNG carriers, raised $250 million through its latest public offering.

The net proceeds from the offering after deducting the underwriting discount and estimated offering expenses are expected to be approximately $245.3 million.

The company plans to use the net proceeds from the offering for repayment of debt and general corporate purposes, including working capital.

Stifel, Nicolaus & Company and DNB Markets acted as joint book-running managers and structuring agents of the offering. Arctic Securities, DVB Capital Markets and Pareto Securities acted as co-managers of the offering.