Piraeus,Greece ,November 10, 2020 ,GasLog Ltd. and its subsidiaries ("GasLog", "Group" or "Company") (NYSE: GLOG), an international owner, operator and manager of liquefied natural gas ("LNG") carriers, today reported its financial results for the quarter endedSeptember 30, 2020 . Highlights o Delivery of the GasLog Westminster onJuly 15 , a 180,000 cubic meter ("cbm") LNG carrier with dual fuel medium speed propulsion ("X-DF") and commencement of its seven-year time charter agreement withCentrica Plc . ("Centrica "). o Refinanced all debt to mature in 2021 with four new credit facilities representing a total of approximately$1.1 billion , strengthening the balance sheet and delivering$30.2 million of incremental liquidity to the Group. o Post-quarter end, completed the sale-and-leaseback of the GasLog Hong Kong, withCMB Financial Leasing Co. Ltd. ("CMBFL"), one ofChina's largest lessors, releasing$26.4 million of incremental liquidity to GasLog and extending the repayment profile to 21 years. o Repaid approximately$86.0 million of debt, bringing total debt repayment (excluding prepayments for refinanced facilities) to approximately$193.0 million through the first nine-months of 2020. o Contracted time charter revenues of approximately$164.1 million for the fourth quarter of 2020, representing 95% charter coverage, based on signed contracts untilNovember 10, 2020 . o Quarterly Revenues of$156.7 million , Profit of$10.1 million and Loss per share1 of ($0.03 ) for the three-month period endedSeptember 30, 2020 . o Quarterly Adjusted EBITDA1 of$102.1 million , Adjusted Profit1 of$13.0 million and Adjusted Loss per share1 of$(0.01) for the three-month period endedSeptember 30, 2020 . o Quarterly dividend of$0.05 per common share payable onNovember 30, 2020 .
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