Brief: GasLog Partners LP announces acquisition of GasLog Greece from GasLog Ltd for $219 million

GasLog Partners LP

23/03/2017 20:05

March 23 (Reuters) - GasLog Partners LP  GLOP.N  
    * GasLog Partners LP announces acquisition of GasLog Greece 
from GasLog Ltd. for $219 million 
    * GasLog Partners LP - Expects to finance acquisition with 
cash on hand, including proceeds from its recent equity offering 
    * GasLog Partners LP - Acquisition will be supportive of 
GasLog Partners' guidance to grow unitholder distributions at a 
10% to 15% compound annual rate 
    * GasLog Partners - Partnership affirms this growth 
guidance, which would result in an annualized distribution of 
$2.09 per unit or higher by Q4 of 2017 
    * GasLog Partners LP - Partnership believes acquisition will 
be immediately accretive to unitholder distributions 
    * GasLog Partners LP - GasLog's annualized distributions 
received from GasLog Partners are expected to equal about $25 
million or higher by Q4 of 2017 
    * GasLog Partners - Estimates , assuming full utilization, 
GasLog Greece will add approximately $24 million to EBITDA in 
first 12 months after deal closing 
    * GasLog Partners-Estimates , assuming full utilization, 
GasLog Greece will add $13 million to distributable cash flow in 
first 12 months after deal closing 
 
Source text for Eikon:  ID:nGNXNQYMAa  
Further company coverage:  GLOP.N  
 
 ((Bangalore.newsroom@thomsonreuters.com;))