MONACO, January 27, 2017 - GasLog Partners LP ("GasLog Partners", the "Partnership" or "we") (NYSE: GLOP) today announced the
closing of its public offering of 3,750,000 common units representing limited partner interests (the "common units"). The
public offering price was $20.50 per common unit. The net proceeds from the offering, after deducting underwriting discounts
and other offering expenses, and including approximately $1.57 million received from GasLog Ltd. (NYSE: GLOG) to maintain its 2.0%
general partner interest in the Partnership, were approximately $77.06 million.
The Partnership plans to use the net proceeds from the public offering for general partnership purposes, which may include
future acquisitions, debt repayment, capital expenditures and additions to working capital. We currently expect that this will
include future acquisitions from GasLog Ltd., our parent ("GasLog").
Citigroup acted as sole bookrunner for the offering.
The offering was made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained
from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on
June 8, 2015. 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 offering, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under
multi-year charters. GasLog Partners' fleet consists of nine LNG carriers with an average carrying capacity of approximately
149,500 cbm, each of which has a multi-year time charter. GasLog Partners' principal executive offices are located at Gildo Pastor
Center, 7 Rue du Gabian, MC 98000, Monaco.
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 Partnership 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. In
some cases, predictive, future-tense or forward-looking words such as "believe", "intend", "anticipate", "estimate", "project",
"forecast", "plan", "potential", "may", "should", "could" and "expect" and similar expressions are intended to identify
forward-looking statements, but are not the exclusive means of identifying such statements. In addition, we and our representatives
may from time to time make other oral or written statements which are forward-looking statements, including in our periodic reports
that we file with the Securities and Exchange Commission, or the "SEC", other information sent to our security holders, and other
written materials. 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, technological advancements and opportunities for the profitable
operations of LNG carriers;
- our ability to leverage GasLog's relationships and reputation in the shipping industry;
- our ability to enter into time charters with new and existing customers;
- 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 purchase vessels from GasLog in the future;
- our ability to obtain financing to fund capital expenditures, acquisitions and other corporate activities,
funding by banks of their financial commitments, funding by GasLog of the revolving credit facility entered into upon
consummation of our initial public offering and our ability to meet our restrictive covenants and other obligations under our
credit facilities;
- future, pending or recent acquisitions of ships or other assets, business strategy, areas of possible expansion
and expected capital spending or operating expenses;
- our expectations about the time that it may take to construct and deliver newbuildings and the useful lives of our
ships;
- number of off-hire days, drydocking 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;
- GasLog's ability to retain key employees and provide services to us, 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 Partnership's Annual Report on Form 20-F filed with the SEC on
February 12, 2016 and the Prospectus Supplement filed with the SEC on January 23, 2017, both 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. 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.
Contacts:
Simon Crowe
Chief Financial Officer
Phone: +44-203-388-3108
Jamie Buckland
Head of Investor Relations
Phone: +44-203-388-3116
Email: ir@gaslogltd.com
Samaan Aziz
Investor Relations Manager
Phone: +1 212 223 0643
Email: ir@gaslogltd.com
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