GasLog Partners LP Announces Closing of Acquisition by GasLog Ltd. of GasLog Partners LP’s Publicly Held Common Units
July 13 2023 - 7:04AM
GasLog Partners LP (“GasLog Partners” or the
“Partnership”) (NYSE: GLOP), an
international owner, operator and acquirer of liquefied natural gas
(“LNG”) carriers, today announced that it has completed the
previously announced merger pursuant to which GasLog Ltd.
(“Parent”) acquired all of the outstanding common units of the
Partnership not beneficially owned by Parent. The closing of
the transaction earlier today follows a special meeting of the
common unitholders of the Partnership (the “Common Unitholders”)
held virtually on July 7, 2023 at 10:00 a.m. Eastern Time, where
the Common Unitholders voted to approve the Agreement and Plan of
Merger, dated as of April 6, 2023, by and among the Partnership,
GasLog GP LLC, the general partner of the Partnership, Parent and
Saturn Merger Sub LLC, a direct wholly owned subsidiary of Parent
(“Merger Sub”), and the transactions contemplated thereby.
Trading in the Partnership’s common units on the
New York Stock Exchange (the “NYSE”) will be suspended with
immediate effect and the delisting of the common units from the
NYSE is expected to be effective in approximately 10 days.
The Partnership’s 8.625% Series A Cumulative
Redeemable Perpetual Fixed to Floating Rate Preference Units,
8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating
Rate Preference Units and 8.500% Series C Cumulative Redeemable
Perpetual Fixed to Floating Rate Preference Units remain
outstanding and continue to trade on the NYSE.
About GasLog Partners
GasLog Partners is an owner, operator and acquirer of LNG
carriers. The Partnership’s fleet consists of eleven wholly-owned
LNG carriers as well as three vessels on bareboat charters, with an
average carrying capacity of approximately 159,000 cbm. Visit
GasLog Partners’ website at http://www.gaslogmlp.com.
Contacts:
Robert BrinbergRose & CompanyPhone: +1 212-517-0810
Email: gaslog@roseandco.com
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