GasLog Partners Prices Public Offering Of 4.5 Mln Common Units At $31.00/unit

(RTTNews) - GasLog Partners LP (GLOP) Wednesday said it has priced its public offering of 4.5 million common units at $31.00 per common unit.

The underwriters have a 30-day option to purchase up to 675 thousand additional common units from the Partnership.

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