GasLog (GLOG) Declares $0.38 Special Dividend; 3.9% Yield

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Go back to GasLog (GLOG) Declares $0.38 Special Dividend; 3.9% Yield

GasLog Ltd. Announces Newbuild Financing Facility, Enhancements to Existing Facilities and Payment of Special Dividend of $0.38 per Common Share

December 16, 2019 7:00 AM EST

Piraeus, Dec. 16, 2019 (GLOBE NEWSWIRE) -- GasLog Ltd. ("GasLog" or the "Company") (NYSE: GLOG) announces that it has signed an Export Credit Agency-backed debt financing of $1.05 billion with twelve international banks for its current newbuilding programme (the Newbuild Facility). The Newbuild Facility covers the balance due to the shipyard on delivery and consequently the final instalments of the seven newbuildings are fully funded. Five of these seven newbuildings are scheduled to deliver from the yards into firm multi-year charters in 2020 and the remaining two into firm multi-year charters in 2021.

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