Monaco - 22 March 2017
GasLog Ltd. ("GasLog" or the "Company") (NYSE:GLOG), an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announced today the closing of its public offering of $250.0 million aggregate principal amount of 8.875% Senior Notes due 2022 (the "Notes") at a public offering price of 100% of the principal amount.
The net proceeds from the offering after deducting the underwriting discount and estimated offering expenses are expected to be approximately $245,280,750. The Company plans to use the net proceeds from the offering for repayment of debt and general corporate purposes, including working capital.
Stifel, Nicolaus & Company, Incorporated and DNB Markets, Inc. acted as joint book-running managers and structuring agents of the offering. Arctic Securities LLC, DVB Capital Markets LLC and Pareto Securities Inc. acted as co-managers of the offering.
The offering was made only by means of a prospectus supplement and accompanying base prospectus. The prospectus supplement and accompanying base prospectus relating to the offering may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300-7136, email: firstname.lastname@example.org or DNB Markets, Inc., 200 Park Ave, Floor 31, New York, NY 10166, telephone: (212) 681-3800.
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 providing support to international energy companies as part of their LNG logistics chain. GasLog's consolidated fleet consists of 27 LNG carriers (22 ships on the water and 5 on order). GasLog also has an additional LNG carrier which was sold to a subsidiary of Mitsui Co Ltd. and leased back under a long-term bareboat charter. GasLog's consolidated fleet now includes nine LNG carriers in operation owned by GasLog's subsidiary, GasLog Partners. GasLog's principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.
GasLog Ltd. press release