GasLog Partners prices public offering

Methane Jane Elizabeth LNG tanker

GasLog Partners said it has priced its public offering of 4,500,000 common units at $31.00 per common unit. 


The underwriters have a 30-day option to purchase up to 675,000 additional common units from the Partnership, the company said in a statement.

The Partnership plans to use the net proceeds from the public offering to fund the acquisition of 100% of the ownership interests in GAS-sixteen and GAS-seventeen, the entities that own the LNG carriers Methane Rita Andrea and Methane Jane Elizabeth, from GasLog Ltd., and to prepay amounts under an existing credit facility related to the vessels being acquired.

 

Press Release, September 25, 2014; Image: BG
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