The move to acquire the 2006 built Methane Jane Elizabeth and Methane Rita Andrea is the first transaction since GasLog Partners IPO in May and should add $47.7m per year to revenues.
The deal lifts the GasLog Partners fleet to five vessels with chief executive, Andy Orekar, predicting the acquisition from GasLog Ltd will add $262m to contracted revenues and increase the average contracted term of the company’s charters to five years.
GasLog Partners is planning a new $450 million credit refinancing facility with Citibank.
The two LNG carriers are currently on long-term time charter to BG for between five and six years. BG holds options to extend the charters for a further three or five years.
Gaslog Partners said the acquisition of the two vessels should boost the quarterly distribution by 15% so investors could look forward to a payout of between $0.43125 to $0.43750 per unit per quarter.
