0001104659-19-013512.txt : 20190308 0001104659-19-013512.hdr.sgml : 20190308 20190308064530 ACCESSION NUMBER: 0001104659-19-013512 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190307 FILED AS OF DATE: 20190308 DATE AS OF CHANGE: 20190308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GasLog Partners LP CENTRAL INDEX KEY: 0001598655 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36433 FILM NUMBER: 19667571 BUSINESS ADDRESS: STREET 1: C/O GASLOG SERVICES UK LTD STREET 2: 81 KINGS ROAD CITY: LONDON STATE: X0 ZIP: SW3 4NX BUSINESS PHONE: 44 0 203 388 3109 MAIL ADDRESS: STREET 1: C/O GASLOG SERVICES UK LTD STREET 2: 81 KINGS ROAD CITY: LONDON STATE: X0 ZIP: SW3 4NX 6-K 1 a19-6097_16k.htm 6-K

 

 

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 registrant’s 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

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

o

 

 

 

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):

 

o

 

 

 


 

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statement on Form S-8 (File No. 333-203139), filed with the SEC on March 31, 2015, in each case to the extent not superseded by information subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference) by us under the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

 

Description

 

 

 

99.1

 

Press Release Dated March 8, 2019

 

2


 

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

 

 

 

 

GASLOG PARTNERS LP

 

 

 

 

 

 

by

/s/ Andrew Orekar

 

 

 

Name:

Andrew Orekar

 

 

 

Title:

Chief Executive Officer

 

3


EX-99.1 2 a19-6097_1ex99d1.htm EX-99.1

Exhibit 99.1

 

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