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GasLog Ltd. announced the completion of the sale of GasLog Salem to a subsidiary of China Development Bank Leasing for $128 million. This transaction provides the company with approximately $22 million in incremental liquidity. Concurrently, GasLog will bareboat charter-in the vessel for five years, concluding in October 2026, without an obligation to buy the vessel afterward. The GasLog Salem is a 155,000 cubic meter LNG carrier built in 2015 and currently chartered to Clearlake Shipping until March 2022.
GasLog Ltd. has announced a Note Purchase Agreement with The Carlyle Group and EIG for up to $325 million in 7.75% Notes due 2029. The funds will be primarily used to refinance its 8.875% Senior Notes maturing in March 2022. The facility is expected to be drawn in March 2022.
GasLog operates a fleet of 35 LNG carriers, supporting international energy companies.
GasLog Ltd. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. The payment is scheduled for October 1, 2021, for shareholders on record as of September 30, 2021. GasLog operates a fleet of 35 LNG carriers, with 17 owned by the company and 15 held by its subsidiary, GasLog Partners. This dividend reflects the company's commitment to shareholder returns amidst its operational strategy in the LNG logistics sector.
GasLog Ltd. (NYSE: GLOG) announced the completion of its merger with BlackRock’s Global Energy & Power Infrastructure team.
The merger was approved by shareholders during a virtual meeting on June 4, 2021. Following the merger, trading of GasLog’s shares on the NYSE will be suspended immediately, with delisting expected within 10 days.
Despite the delisting, GasLog’s 8.75% Series A Cumulative Redeemable Perpetual Preference Shares will continue trading on the NYSE.
GasLog Ltd. announced that shareholders voted in favor of a merger with BlackRock’s Global Energy & Power Infrastructure team on June 4, 2021. The agreement, initially set on February 21, 2021, requires majority approval from both GasLog common and preference shareholders. Voting results showed strong support, with 71.3 million votes for and 3.3 million against the transaction. Upon completion, shareholders will receive $5.80 per common share. The merger is expected to close around June 9, 2021.
GasLog Ltd. (NYSE: GLOG) announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. This dividend will be payable on July 1, 2021 to shareholders on record as of June 30, 2021. GasLog operates a fleet of 35 LNG carriers, and continues to support international energy companies in their LNG logistics.
GasLog Ltd. (NYSE: GLOG) has announced a cash dividend of $0.05 per common share for Q1 2021, payable on May 27, 2021. Shareholders of record by May 17, 2021 are eligible to receive this dividend. The company operates a fleet of 35 LNG carriers, supporting international energy firms in LNG logistics. GasLog continues to manage a combination of owned and leased vessels, which demonstrates its operational stability in the LNG sector.
GasLog Ltd. (NYSE: GLOG) has scheduled a special general meeting on June 4, 2021, to discuss a merger as per the agreement dated February 21, 2021. Shareholders of record as of April 30, 2021, are entitled to vote. The merger will see GEPIF III Crown MergerCo Limited merge into GasLog, with GasLog being the surviving entity. Shareholders can find details in documents filed with the SEC. The announcement is informational and does not constitute an offer or solicitation regarding the proposed transaction.
GasLog Ltd. (NYSE: GLOG) will announce its Q1 2021 financial results on May 6, 2021, before market opening. The company operates 35 LNG carriers, with 17 owned directly and the rest leased out or owned by its subsidiary, GasLog Partners. GasLog supports global energy companies in LNG logistics. Further inquiries can be directed to Joseph Nelson, Head of Investor Relations, via phone or email.
