Golar LNG Partners L.P. Announces Pricing of Series A Preferred Unit Offering
(Thomson Reuters ONE) -
Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today that it
has priced its public offering of 4,800,000 of its 8.75% Series A Cumulative
Redeemable Preferred Units ("Series A Preferred Units"), representing limited
partner interests, at $25.00 per unit. Distributions will be payable on the
Series A Preferred Units at a rate of 8.75% per annum of the stated liquidation
preference of $25.00. The offering is expected to close on October 31, 2017.
The Partnership has granted the underwriters a 30-day option to purchase up to
an additional 720,000 Series A Preferred Units.
The Partnership intends to use the net proceeds from the offering and any
exercise of the underwriters' option to purchase additional Series A Preferred
Units for general partnership purposes, which may include, among other things,
repaying indebtedness and funding working capital, capital expenditures or
acquisitions.
Morgan Stanley and BofA Merrill Lynch are acting as the joint bookrunners in
connection with the offering.
When available, copies of the prospectus supplement and accompanying base
prospectus relating to the offering may be obtained free of charge on the
Securities and Exchange Commission's website at http://www.sec.gov or from the
joint bookrunners as follows: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd
Floor, New York, NY 10014, Attn: Prospectus Department; or Merrill Lynch,
Pierce, Fenner & Smith Incorporated, 200 North College Street NC1-004-03-43,
Charlotte, NC 28255-0001, Attn: Prospectus Department, by calling
1-800-294-1322 or by emailing dg.prospectus_requests(at)baml.com.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The Series A Preferred Units
are being offered and sold pursuant to an effective registration statement on
Form F-3, which was filed with the Securities and Exchange Commission ("SEC") on
October 26, 2016. This offering may be made only by means of a preliminary
prospectus supplement, final prospectus supplement and accompanying base
prospectus, which will be filed with the SEC.
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. These
risks and uncertainties include, but are not limited to, those discussed in the
Partnership's public filings with the SEC. The Partnership undertakes no
obligation to revise or update any forward looking statements, unless required
to do so under the securities laws.
Hamilton, Bermuda
October 24, 2017
Investor relations enquiries:
Golar Management Limited
Graham Robjohns - + 44 207 063 7900
Stuart Buchanan - + 44 207 063 7900
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG Partners L.P. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2017 - 23:00 Uhr
Sprache: Deutsch
News-ID 565087
Anzahl Zeichen: 3950
contact information:
Town:
Hamilton
Kategorie:
Business News
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