GasLog refinances senior notes

Thursday, 14 October 2021
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GasLog Ltd has entered into a note purchase agreement with The Carlyle Group and EIG for a total of up to $325 mill of 7.75% notes, due 2029.

Carlyle’s Global Credit platform made the investment with capital primarily from its Infrastructure Credit fund, while EIG made the investment through Global Project Fund V, plus other funds and accounts in EIG’s direct lending platform.

GasLog said that it anticipated drawing down the facility in March, 2022 with the proceeds being used to refinance the company’s 8.875% senior notes, due that month.

Any remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the private placement and/or general corporate purposes, the company said. 

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