GasLog Prices Offering of NOK 500 Million (Equivalent to Approximately US$ 84 Million) Senior Unsecured Notes
24 Avril 2014 - 3:47PM
Business Wire
GasLog Ltd. (“GasLog” and the “Company”) (NYSE:GLOG) today
announced that it has priced an add-on offering of NOK 500 million
(equivalent to approximately US$ 84 million) aggregate principal to
the existing senior unsecured notes due 2018 (the “Notes”). All
interest and principal payments have been swapped into USD at an
all in fixed interest rate of 5.99%. The offering was significantly
oversubscribed. The transaction is subject to customary closing
conditions and settlement is expected to occur on 2 May 2014. The
proceeds from the offering will be used for general corporate
purposes, including financing for GasLog’s newbuilding program.
About GasLog Ltd.
GasLog is an international owner, operator and manager of LNG
carriers. Following the recently announced agreement to purchase
three additional LNG carriers from Methane Services Ltd., an
affiliate of BG Group, GasLog’s fleet will include 21 wholly owned
LNG carriers (including 14 ships in operation and seven LNG
carriers on order) and GasLog will have 6 LNG carriers operating
under its technical management for third parties. GasLog’s
principal executive offices are located at Gildo Pastor Center, 7
Rue du Gabian, MC 98000, Monaco. GasLog’s website is
http://www.gaslogltd.com.
Cautionary Statement
The Notes will be offered only to non-U.S. persons outside the
United States pursuant to Regulation S under the U.S. Securities
Act of 1933, as amended (the “Securities Act”), and in a private
placement only to “qualified institutional buyers” (as defined
under the Securities Act) in the U.S. in a transaction not
requiring registration under the Securities Act, subject to
prevailing market and other conditions. There is no assurance that
the offering will be completed or, if completed, as to the terms on
which it is completed. The Notes to be offered have not been
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United
States absent registration or unless pursuant to an applicable
exemption from the registration requirements of the Securities Act
and any other applicable securities laws. This press release does
not constitute an offer to sell or the solicitation of an offer to
buy the Notes, nor shall it constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
This announcement does not constitute and shall not, in any
circumstances, constitute a public offering nor an invitation to
the public in connection with any offer within the meaning of the
Directive 2010/73/EU of the Parliament and Council of November 4,
2003 as implemented by the Member States of the European Economic
Area (the “Prospectus Directive”). The offer and sale of the Notes
will be made pursuant to an exemption under the Prospectus
Directive, as implemented in Member States of the European Economic
Area, from the requirement to produce a prospectus for offers of
securities.
Statements in this release which are not historical facts are
forward-looking statements. All forward-looking statements involve
risks and uncertainties which could affect GasLog’s actual
operating performance, vessel deliveries and results and could
cause any of these to differ materially from those expressed in any
forward looking statements made by, or on behalf of, GasLog.
GasLog Ltd.Simon Crowe, Phone: +377 9797 5115(CFO,
GasLog, Monaco)orJamie Buckland, Phone: +377 9797 5118(GasLog,
Monaco)orRay Posadas, Phone: +1 203-428-3231(Solebury
Communications, NYC)Email: ir@gaslogltd.com
GasLog (NYSE:GLOG)
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