Golar Power transaction closes
(Thomson Reuters ONE) -
We refer to the press release dated June 20, 2016 which announced the launch of
Golar Power, a 50/50 partnership with Stonepeak Ltd.
The transaction completed on July 6. Golar Power has received the proceeds of a
$100 million preferred note from Stonepeak and Golar LNG Limited has received
$116 million in respect of its sale of 50% of the shares in Golar Power. After
settlement of transaction related fees and Golar's contribution to the working
capital of Golar Power, approximately $104 million will be added to Golar LNG
Limited's liquidity.
Golar Power expects to execute contracts for the conversion of its first LNG
carrier to a FSRU shortly.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning future
events and Golar's operations, performance and financial condition. Forward-
looking statements include, without limitation, any statement that may predict,
forecast, indicate or imply future results, performance or achievements, and may
contain the words "believe", "anticipate", "expect", "estimate", "project",
"will be", "will continue", "will likely result", "plan", "intend" or words or
phrases of similar meanings. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are beyond
Golar's control. Actual results may differ materially from those expressed or
implied by such forward-looking statements. Important factors that could cause
actual results to differ materially include, but are not limited to, those
factors listed from time to time in the reports and other documents Golar files
with the United States Securities and Exchange Commission.
New factors emerge from time to time, and it is not possible for Golar to
predict all of these factors. Further, Golar cannot assess the impact of each
such factor on its business or the extent to which any factor, or combination of
factors, may cause actual results to be materially different from those
contained in any forward-looking statement. Golar does not intend to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in Golar's expectations with respect thereto or any
change in events, conditions or circumstances on which any such statement is
based.
Hamilton, Bermuda
July 6, 2016
Enquiries:
Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golar LNG via GlobeNewswire
[HUG#2026414]
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2016 - 14:34 Uhr
Sprache: Deutsch
News-ID 481840
Anzahl Zeichen: 3453
contact information:
Town:
Hamilton
Kategorie:
Business News
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"Golar Power transaction closes"
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