GasLog Ltd. Announces the Closing of its Public Offering of 8.875% Senior Notes Due 2022
22 Mars 2017 - 9:05PM
MONACO - March 22, 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:
syndprospectus@stifel.com 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.
Contacts:Jamie Buckland - Head of Investor
RelationsPhone: +44-203-388-3116Email: ir@gaslogltd.com
Forward-Looking Statements
All statements in this press release that are not statements of
historical fact are "forward-looking statements" within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements that address
activities, events or developments that the Company expects,
projects, believes or anticipates will or may occur in the future,
particularly in relation to our operations, cash flows, financial
position, liquidity and cash available for dividends or
distributions, plans, strategies, business prospects and changes
and trends in our business and the markets in which we operate. We
caution that these forward-looking statements represent our
estimates and assumptions only as of the date of this press
release, about factors that are beyond our ability to control or
predict, and are not intended to give any assurance as to future
results. Any of these factors or a combination of these factors
could materially affect future results of operations and the
ultimate accuracy of the forward-looking statements. Accordingly,
you should not unduly rely on any forward-looking statements.
Factors that might cause future results and outcomes to differ
include, but are not limited to the following:
- general LNG shipping market conditions and trends, including
spot and long-term charter rates, ship values, factors affecting
supply and demand of LNG and LNG shipping and technological
advancements and opportunities for the profitable operation of LNG
carriers;
- continued low prices for crude oil and petroleum products and
volatility in gas prices;
- our ability to enter into time charters with new and existing
customers;
- increased exposure to spot market and fluctuations in spot
charter rates;
- changes in the ownership of our charterers;
- our customers' performance of their obligations under our time
charters and other contracts;
- our future operating performance, financial condition,
liquidity and cash available for dividends and distributions;
- our ability to obtain financing to fund capital expenditures,
acquisitions and other corporate activities, funding by banks of
their financial commitments, and our ability to meet our
restrictive covenants and other obligations under our credit
facilities;
- future, pending or recent acquisitions of or orders for ships
or other assets, business strategy, areas of possible expansion and
expected capital spending or operating expenses;
- the time that it may take to construct and deliver newbuildings
and the useful lives of our ships;
- number of off-hire days, dry-docking requirements and insurance
costs;
- fluctuations in currencies and interest rates;
- our ability to maintain long-term relationships with major
energy companies;
- our ability to maximize the use of our ships, including the
re-employment or disposal of ships no longer under time charter
commitments, including the risk that our vessels may no longer have
the latest technology at such time;
- environmental and regulatory conditions, including changes in
laws and regulations or actions taken by regulatory
authorities;
- the expected cost of, and our ability to comply with,
governmental regulations and maritime self-regulatory organization
standards, requirements imposed by classification societies and
standards imposed by our charterers applicable to our
business;
- risks inherent in ship operation, including the discharge of
pollutants;
- our ability to retain key employees and the availability of
skilled labor, ship crews and management;
- potential disruption of shipping routes due to accidents,
political events, piracy or acts by terrorists;
- potential liability from future litigation;
- our business strategy and other plans and objectives for future
operations;
- any malfunction or disruption of information technology systems
and networks that our operations rely on or any impact of a
possible cybersecurity breach; and
- other risks and uncertainties described in the Company's Annual
Report on Form 20-F filed with the SEC on March 1, 2017 and
available at http://www.sec.gov.
We undertake no obligation to update or revise any
forward-looking statements contained in this press release, whether
as a result of new information, future events, a change in our
views or expectations or otherwise, except as required by
applicable law. New factors emerge from time to time, and it is not
possible for us to predict all of these factors. Further, we cannot
assess the impact of each such factor on our business or the extent
to which any factor, or combination of factors, may cause actual
results to be materially different from those contained in any
forward-looking statement.
The declaration and payment of dividends are at all times
subject to the discretion of our board of directors and will depend
on, amongst other things, risks and uncertainties described above,
restrictions in our credit facilities, the provisions of Bermuda
law and such other factors as our board of directors may deem
relevant.
GasLog (NYSE:GLOG)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
GasLog (NYSE:GLOG)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024