GasLog to partially redeem 8.75% series A preferreds on Dec. 28

By William Gullotti

Buffalo, N.Y., Nov. 28 – GasLog Ltd. will redeem 4,341,681 shares of its outstanding 8.75% series A cumulative redeemable perpetual preference shares on Dec. 28, according to a 6-K filing with the Securities and Exchange Commission on Tuesday.

The $25-par shares will be redeemed at par plus accrued and unpaid dividends up to, but excluding, the redemption date.

Equiniti Trust Co., LLC is the company’s redemption agent.

The company sold 4.6 million of the series A perpetual preferreds in 2015, a deal that totaled $115 million after underwriters fully exercised their over-allotment option.

GasLog is a Monaco-based natural gas shipping company.

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