GasLog Ltd. Completes $1.3 Billion Financing Facility

(CS Solutions Blog, 26 October 2015) International owner, operator and manager of LNG carriers, GasLog Ltd. has completed an export credit agency-backed debt financing of USD 1.3 billion with 14 banks for its newbuilding program. The so called Newbuild Facility will include eight vessels, which will be delivered between 2016 and 2019. Seven of the eight vessels have long-term contracts of between 7 and 10 years and will be chartered to a subsidiary of BG Group plc following delivery... . Korea Eximbank and Ksure either directly lent or provided cover for over 60% of the facility.