GasLog Ltd. Announces Sale and Leaseback of GasLog Salem

Provided By Globe Newswire

Last update: Oct 13, 2021

Hamilton, Bermuda, Oct. 13, 2021 (GLOBE NEWSWIRE) -- GasLog Ltd. (“GasLog” or “Company”) today announced the completion of the sale of GasLog Salem to a wholly owned subsidiary of China Development Bank Leasing (“CDBL”) for $128 million, releasing approximately $22 million of incremental liquidity. Concurrent with the sale, GasLog will bareboat charter-in the vessel from CDBL for a period of 5 years, ending in October 2026, with no obligation to purchase the vessel at the end of the lease.