UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For the month of March 2019
Commission File Number 001-36433
GasLog Partners LP
(Translation of registrants name into English)
Gildo Pastor Center
7 Rue du Gabian
MC 98000, Monaco
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): |
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The press release issued by GasLog Partners LP on March 8, 2019 announces that GasLog Partners closes new loan agreement, refinancing debt maturity and increasing available liquidity is attached hereto as Exhibit 99.1.
INCORPORATION BY REFERENCE
Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into our registration statement on Form F-3 (File No. 333-204616), filed with the Securities and Exchange Commission (the SEC) on June 1, 2015, the Form F-3 (File No. 333-220736), filed with the SEC on September 29, 2017 and the registration statement on Form S-8 (File No. 333-203139), filed with the SEC on March 31, 2015, in each case to the extent not superseded by information subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference) by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended
EXHIBIT LIST
Exhibit |
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Description |
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99.1 |
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Press Release Dated March 8, 2019 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 8, 2019 |
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GASLOG PARTNERS LP | |||
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/s/ Andrew Orekar | |
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Name: |
Andrew Orekar |
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Title: |
Chief Executive Officer |
GasLog Partners LP Closes New Loan Agreement, Refinancing 2019 Debt Maturity And Increasing Available Liquidity
Monaco March 8, 2019 GasLog Partners LP (GasLog Partners or the Partnership) (NYSE: GLOP) is pleased to announce the closing of a new loan agreement (the 2019 GasLog Partners Facility), which successfully refinances the debt facility (the Partnership Facility) that was due to mature in November 2019.
On March 7, 2019, GasLog Partners and certain subsidiaries of the Partnership closed a loan agreement with Credit Suisse AG acting as Global Co-ordinator and Mandated Lead Arranger, Nordea Bank ABP, filial I Norge as Mandated Lead Arranger, security agent and trustee, Development Bank of Japan, Inc. and Iyo Bank, Ltd. Singapore Branch, for a credit facility for up to $450 million with a tenor of five years.
The 2019 GasLog Partners Facility has been partially drawn on closing to refinance in full the outstanding amounts under the Partnership Facility, which totalled $360 million at December 31, 2018. As a result, the new facility delivers $90 million of incremental headroom which, if drawn, could provide additional liquidity for general corporate purposes, including potential future acquisitions. Interest on the new facility is payable at a rate of LIBOR plus 2.0-2.2% which represents a reduced margin above LIBOR compared to the previous Partnership Facility. The Partnership has also secured an improved covenant package in the 2019 GasLog Partners Facility.
The vessels covered by the 2019 GasLog Partners Facility are the GasLog Shanghai, GasLog Santiago, GasLog Sydney, Methane Rita Andrea and Methane Jane Elizabeth. It provides for an amortising revolving credit facility which can be repaid and redrawn at any time, subject to certain conditions. The total amount available under the facility reduces in 20 equal quarterly amounts of $7.4 million with a final maximum balloon payment of $302.9 million on maturity.
The 2019 GasLog Partners Facility is subject to certain obligations, financial covenants and restrictions, and contains customary events of default. Further detail is provided in the GasLog Partners Annual Report on Form 20-F for the fiscal year ended December 31, 2018, which was filed with the U.S. Securities and Exchange Commission on February 26, 2019.
Contacts:
Phil Corbett
Head of Investor Relations
Phone: +44-203-388-3116
Joseph Nelson
Deputy Head of Investor Relations
Phone: +1 212-223-0643
Email: ir@gaslogmlp.com
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. Upon closing of the GasLog Glasgow acquisition, GasLog Partners fleet will consist of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners principal executive office is located at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. Visit the GasLog Partners website at http://www.gaslogmlp.com