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Gaslog Partners prices New York IPO at $21 per unit

Gaslog Partners LP has priced its initial public offering (IPO) on the New York Stock Exchange (NYSE) at $21 per unit.

Marcus Hand, Editor

May 7, 2014

1 Min Read
Kalyakan - stock.adobe.com

Gaslog Partners is selling 8.4m units of common stock at $21, which would raise a $176.4m, and will raise a further $26.46m if the underwriters 30-day option of 1.26m units is taken up, bringing the total raised to $202.86m.

“The proceeds from the offering will be used principally to reduce indebtedness and for general partnership purposes, with the remainder to be distributed to GasLog,” the company said.

Gaslog Partners is a limited partnership spun off from Gaslog and has an initial fleet of three LNG carriers from the parent.

It is due to start trading on NYSE on 7 May.

For more details on the offering read Barry Parker’s analysis of the prospectus here.

Read more about:

LNG

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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