GasLog announces closing of its public offering of 5,750,000 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units
Tuesday, May 16, 2017
GasLog Partners LP ("GasLog Partners", the "Partnership" or "we") (NYSE: GLOP) announced today the closing of its public offering of 5,750,000 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units, liquidation preference $25.00 per unit (the "Series A Preference Units") at a price to the public of $25.00 per unit, including 750,000 units issued upon the exercise in full by the underwriters of their option to purchase additional Series A Preference Units.  The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately $138.61 million. The Series A Preference Units will be listed on the New York Stock Exchange under the symbol GLOP PR A.

The Partnership plans to use the net proceeds from the public offering for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital. We currently expect that this will include future acquisitions from GasLog Ltd., our parent ("GasLog").

Morgan Stanley, UBS Investment Bank, Citigroup and Stifel acted as joint book-runners for the offering and ABN AMRO and BNP PARIBAS acted as co-managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on June 8, 2015.  This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About GasLog Partners

GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners' fleet consists of ten LNG carriers with an average carrying capacity of approximately 152,000 cbm, each of which has a multi-year time charter. GasLog Partners' principal executive offices are located at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.

For more information, please visit: http://www.gaslogmlp.com
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