GasLog Partners (GLOP) Tops Q3 EPS by 1c; Enters Agreement to Acquire GasLog Seattle

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Go back to GasLog Partners (GLOP) Tops Q3 EPS by 1c; Enters Agreement to Acquire GasLog Seattle

GasLog Partners LP Announces Acquisition Of GasLog Seattle From GasLog Ltd. For $189 Million

October 27, 2016 7:38 AM EDT

MONACO, Oct. 27, 2016 (GLOBE NEWSWIRE) -- GasLog Partners LP (NYSE: GLOP) ("GasLog Partners" or the "Partnership") and GasLog Ltd. (NYSE: GLOG) ("GasLog") announced today that they have entered into an agreement for the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters GasLog Seattle (the "Acquisition"). The aggregate purchase price for the Acquisition will be $189 million, which includes $1 million for positive net working capital balances to be transferred with the vessel. GasLog Partners expects to finance the acquisition with cash... More

GasLog Partners LP Announces Acquisition Of GasLog Seattle From GasLog Ltd. For $189 Million

October 27, 2016 7:36 AM EDT

MONACO, Oct. 27, 2016 (GLOBE NEWSWIRE) -- GasLog Partners LP (NYSE: GLOP) ("GasLog Partners" or the "Partnership") and GasLog Ltd. (NYSE: GLOG) ("GasLog") announced today that they have entered into an agreement for the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters GasLog Seattle (the "Acquisition"). The aggregate purchase price for the Acquisition will be $189 million, which includes $1 million for positive net working capital balances to be transferred with the vessel. GasLog Partners expects to finance the acquisition with cash... More

GasLog Partners LP Reports Financial Results for the Three-Month Period Ended September 30, 2016 and Declares Cash Distribution

October 27, 2016 7:08 AM EDT

Monaco, Oct. 27, 2016 (GLOBE NEWSWIRE) -- GasLog Partners LP ("GasLog Partners" or the "Partnership") (NYSE: GLOP), an international owner and operator of liquefied natural gas ("LNG") carriers, today reported its financial results for the three-month period ended September 30, 2016.

Quarterly Highlights

Successfully completed equity offering and issuance of general partner units, raising total net proceeds of $53.39 million. Declared cash distribution of $0.478 per unit for the third quarter of 2016, unchanged from the second quarter of 2016. Reduced total debt by $14.28 million during the third quarter of 2016. Revenue... More