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Golar LNG to sell interests in Golar LNG Partners

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LNG Industry,


Golar LNG Ltd has announced that it is offering 3. 4 million common units, representing limited partner interests in Golar LNG Partners LP, as a selling unitholder in the public offering announced on 5 December 5 2013 by Golar Partners.

Golar Partners also plans to offer 5.1 million of its common units in the offering and Golar GP LLC, the partnerships general partner intends to maintain its 2% general partner interest by subscribing to the newly issued units.

Golar intends to use the proceeds it receives from its offering of the common units to create liquidity, which could potentially be used to develop its floating LNG (FLNG) production business.

Following completion of the offering, Golar will own the following interests in Golar Partners: 8 838 096 common units, 15 949 831 subordinated units, the 2% general partner interest (through its ownership of the general partner) and all of the incentive distribution rights.

Golar LNG also noted that 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 common units will be offered and sold pursuant to an effective registration statement on Form F-3 previously filed by Golar LNG Partners LP with the Securities and Exchange Commission (SEC). This offering may be made only by means of a prospectus supplement and accompanying base prospectus, which has been filed by Golar LNG Partners LP with the SEC.

Adapted from press release by

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09122013/golar_lng_to_sell_interests_in_golar_lng_partners_549/


 

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