New York-listed GasLog raised $199m on 23 January to help fund a $468m sale-and-leaseback deal for three 145,000-dwt LNG carriers with BG affiliate Methane Services.
The foundation purchased its shares in the private placement element of the GasLog offer priced at $15.75 per share. GasLog issued 2.3 million shares in the private placement as it printed 10.9 million new shares for investors and a further 1.4 million for underwriters.
Olympic LNG Investments is the beneficial owner of the 8.4% stake, but it is 100% owned by ASO Holdings which in turn is owned by ASO Financiera which is in turn owned by the Onassis foundation.
GasLog’s money from the equity issues will be allied with a $325m credit facility to complete the BG deal.
