Golar LNG Partners LP Prices Initial Public Offering
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 7, 2011 - Golar LNG Limited ("Golar" or the "Company")
announced today that its wholly-owned subsidiary, Golar LNG Partners LP, a
Marshall Islands limited partnership (the "Partnership"), has priced its initial
public offering of 12,000,000 of the Partnership's common units at an initial
public offering price of $22.50 per unit. The offering priced above the initial
estimated price range with strong demand. The 12,000,000 common units are being
sold by Golar and represent a 30.1% limited partnership interest in the
Partnership. The offering will increase to 13,800,000 common units if the
underwriters exercise in full their over-allotment option. The common units will
trade on The Nasdaq Global Select Market under the symbol "GMLP".
The Partnership will focus on providing floating storage regasification ("FSRU")
and liquefied natural gas ("LNG") transportation services under long-term
contracts. The Partnership's initial fleet will consist of two FSRU vessels
and two LNG carriers.
Immediately following the closing of the offering, Golar will own the
Partnership's general partner and an approximate 67.9% limited partner interest
in the Partnership. Golar will also own 81% of the Partnership's incentive
distribution rights, which will entitle it to increasing percentages of the cash
the Partnership distributes in excess of certain target distribution amounts.
Golar LNG Energy Limited will own the remaining 19% of the incentive
distribution rights.
Golar intends to use the net proceeds of the offering to expand its fleet.
Citi, BofA Merrill Lynch and Morgan Stanley acted as the joint bookrunning
managers of the offering. Citi and Evercore Partners served as co-structuring
agents on behalf of Golar in connection with the offering.
This offering of common units is being made only by means of a prospectus. A
written prospectus meeting the requirements of Section 10 of the Securities Act
of 1933, when available, may be obtained from the offices of Citi, Attention:
Prospectus Department, Brooklyn Army Terminal, 140 58(th) Street, 8(th) Floor,
Brooklyn, NY 11220, Email: BATProspectusdept(at)citi.com, Telephone: 800-831-9146;
BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center,
New York, NY 10080, Email: dg.prospectus_requests(at)baml.com; and Morgan Stanley,
Attention: Prospectus Dept., 180 Varick Street, 2(nd) Floor, New York, NY
10014, Email: prospectus(at)morganstanley.com, Telephone: 866-718-1649.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the common units described above, nor will there be any sale of
these common units in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
The statements in this press release that are not historical facts may be
forward-looking statements. Such forward looking statements, based upon the
current beliefs and expectations of Golar's management, are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. The information set forth herein should be read in light of
such risks. Golar does not assume any obligation to update the information
contained in this press release.
Contact
Golar LNG Limited
April 7, 2011
Hamilton, Bermuda
Questions should be directed to:
Golar LNG Management Ltd - +44 207 063 7900
Brian Tienzo: Group Financial Controller
Graham Robjohns: Chief Executive Officer
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1504642]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2011 - 01:15 Uhr
Sprache: Deutsch
News-ID 53299
Anzahl Zeichen: 4684
contact information:
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Kategorie:
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