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London - June 14, 2016 GasLog Ltd. ("GasLog" or the "Company") (NYSE:GLOG) has successfully completed the issuance of NOK 750 million (equivalent to approximately USD 90 million) of new senior unsecured bonds in the Norwegian bond market. The bonds will mature in May 2021 and will have a coupon of 6.9% over 3 month NIBOR. The offering was oversubscribed. The transaction is subject to customary closing conditions and settlement is expected to occur on June 27, 2016. The proceeds from the issuance will be used to partly refinance the Company's existing bonds maturing in June 2018. Simon Crowe, Chief Financial Officer of GasLog Ltd., commented: "We launched this Norwegian bond with the aim of extending the maturity of half of our existing bonds, which fall due in 2018. I am delighted that we achieved this objective. GasLog continues to actively manage its balance sheet, positioning the company for growth as the LNG shipping markets improve." DNB Markets, Nordea Markets and SEB acted as joint lead managers and bookrunners, and Arctic Securities as co-manager in connection with the transaction. GasLog Ltd.: Contemplates Issuance of Bonds London - June 13, 2016 GasLog Ltd. ("GasLog" or the "Company") (NYSE:GLOG) is contemplating the issuance of new five year senior unsecured bonds in the Norwegian bond market. Proceeds will be used to partly refinance the Company's existing bonds maturing in June 2018. DNB Markets, Nordea Markets and SEB have been appointed as joint lead managers in connection with the potential transaction. About GasLog Ltd. GasLog is an international owner, operator and manager of LNG carriers. GasLog's fully-owned fleet includes 18 LNG carriers (11 carriers in operation and seven carriers on order) and GasLog has four LNG carriers under its technical management for third parties and a vessel secured under a long-term bareboat charter from Lepta Shipping, a subsidiary of Mitsui. GasLog Partners LP, a master limited partnership formed by GasLog, owns a further eight LNG carriers. GasLog's principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. GasLog's website is http://www.gaslogltd.com. GasLog Ltd. press release |
