GasLog Partners Adds Over USD 53 Mn of Fresh Funds

GasLog Partners Owner and operator of LNG carriers GasLog Partners has collected some USD 53.2 million through its public offering of 2.75 million common units. The public offering price was USD 19.50 per common unit. GasLog Partners said that the net proceeds, which were collected from the offering, after deducting underwriting discounts and other offering expenses, include USD 1.09 million received from GasLog Ltd. to maintain its 2% general partner interest in the Partnership. The net proceeds from the public offering would be used for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital, as well as the future acquisitions from the company’s parent, GasLog Ltd., according to the company. Barclays Capital Inc. acted as underwriter for the offering.