GasLog Partners LP | 8.500% SERIES C CUMULATIVE REDEEMABLE PERPETUAL FIXED TO FLOATING RATE PREFERENCE UNITS (GLOP.PRC)
Prospectus excerpt: We are offering 4,000,000 of our 8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units, liquidation preference $25.00 per unit (the "Series C Preference Units"). Distributions on the Series C Preference Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by our board of directors. The initial distribution on the Series C Preference Units offered hereby will be payable on March 15, 2019. Distributions will be payable out of amounts legally available for distributions (i) from and including the original issue date to, but excluding, March 15, 2024 at a fixed rate equal to 8.500% per annum of the stated liquidation preference and (ii) from and including March 15, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.317% per annum of the stated liquidation preference.
GasLog Partners is a holding company. Co. and its subsidiaries are primarily engaged in the ownership, operation and acquisition of liquefied natural gas (LNG) carriers engaged in LNG transportation. Co. conducts its operations through its vessel-owning subsidiaries and, has a fleet of LNG carriers, including vessels with tri-fuel diesel electric engine propulsion propulsion technology and Steam vessels.