Home / Shipping News / Hellenic Shipping News / GasLog Ltd. Announces New Credit Facility

GasLog Ltd. Announces New Credit Facility

GasLog Ltd. (“GasLog” or “Company”) today announced that it has entered into a Note Purchase Agreement with The Carlyle Group (“Carlyle”) and EIG for an amount of up to $325 million of 7.75% Notes due 2029 (the “Facility”). Carlyle’s Global Credit platform made the investment with capital primarily from its Infrastructure Credit Fund. EIG made the investment through Global Project Fund V and other funds and accounts in EIG’s direct lending platform.

The Company anticipates drawing down the Facility in March 2022. The proceeds of the Facility will be used to refinance the Company’s 8.875% Senior Notes due in March 2022. Any remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the private placement and/or general corporate purposes.
Source: GasLog Ltd.

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping