Recent initial public offerings in the Air Services Other IPOs category.
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Slide #3. GasLog Partners LP — Initial Public Offering
GasLog Partners LP
Price Per Share:
$19.00 to $21.00
GasLog Partners LP (the "MLP") today announced the commencement of an initial public offering of 8,400,000 common units representing limited partnership interests (the "common units"). The estimated price range for the initial public offering is $19.00 to $21.00 per common unit. The proceeds from the offering will be used principally to reduce indebtedness and for general partnership purposes, with the remainder to be distributed to GasLog Ltd. ("GasLog") (NYSE:GLOG). The MLP is a Marshall Islands limited partnership and is currently a wholly owned subsidiary of GasLog. GasLog will contribute three of its existing LNG carriers with multi-year charters to the MLP. The underwriters will be granted an option to purchase up to 1,260,000 additional common units from the MLP at the initial public offering price, less the underwriting discount. The MLP has applied to list the common units on the New York Stock Exchange under the symbol "GLOP". If the underwriters' option to purchase additional common units is not exercised, GasLog will retain 1,422,358 of the MLP's common units (and will retain 162,358 common units if the option is exercised in full) as well as all of the MLP's subordinated units, general partner interest and incentive distribution rights.