|
The underwriters will be granted an option to purchase up to 1,260,000 additional common units from the MLP at the initial public offering price, less the underwriting discount. The MLP has applied to list the common units on the New York Stock Exchange under the symbol “GLOP”. If the underwriters’ option to purchase additional common units is not exercised, GasLog will retain 1,422,358 of the MLP’s common units (and will retain 162,358 common units if the option is exercised in full) as well as all of the MLP’s subordinated units, general partner interest and incentive distribution rights. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Evercore Group L.L.C. and UBS Securities LLC are acting as joint book-running managers and Deutsche Bank Securities Inc. and DNB Markets, Inc. are acting as co-managers for the offering. The offering is being made only by means of a prospectus. A preliminary prospectus relating to the offering may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (800) 831-9146); Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone: 800-221-1037; and Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, by telephone: 800-326-5897. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy the securities be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About GasLog Ltd. GasLog is an international owner, operator and manager of LNG carriers. Following the recently announced agreement to purchase three additional LNG carriers from Methane Services Ltd., an affiliate of BG Group, GasLog’s fleet will include 21 wholly owned LNG carriers (including 14 ships in operation and seven LNG carriers on order) and GasLog will have 6 LNG carriers operating under its technical management for third parties. In connection with the initial public offering of GasLog Partners LP, three of GasLog’s vessels in operation will be contributed to GasLog Partners LP. GasLog’s principal executive offices are located at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. About GasLog Partners LP GasLog Partners LP was formed by GasLog to own, operate and acquire LNG carriers with multi-year charters. The initial fleet of GasLog Partners LP will consist of three LNG carriers, each of which has a carrying capacity of 155,000 cbm and has a multi-year charter. 
GasLog Ltd. press release |
GasLog Partners LP Commences Initial Public Offering of Common Units