Brief: Gaslog Partners LP announces acquisition of Solaris from Gaslog Ltd for $185.9 million

GasLog Partners LP

15/09/2017 11:52

Sept 15 (Reuters) - Gaslog Partners LP  GLOP.N : 
    * Gaslog Partners LP - Gaslog Partners LP announces 
acquisition of Solaris from Gaslog Ltd for $185.9 million 
    * Gaslog Partners LP says  the aggregate purchase price for 
the acquisition will be $185.9 million  
    * Gaslog Partners LP - partnership believes that the 
acquisition will be immediately accretive to distributable cash 
flow per unit 
    * Gaslog Partners LP - expects to finance the acquisition 
with cash on hand and the assumption of $117 million of Solaris' 
existing debt 
    * Gaslog Partners LP-Co, Gaslog Ltd approved entering 
agreement for partnership to purchase from gaslog 100pct of 
shares in entity that owns solaris 
    * Gaslog Partners LP - Gaslog partners estimates that 
Solaris will add approximately $20 million to ebitda in the 
first 12 months after closing 
    * Gaslog Partners LP - acquisition will expand fleet to 12 
wholly owned lng carriers, increase contracted days to about 
90pct for 2018 and 72pct for 2019 
 
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