Golar LNG Limited – Fixed income investor meetings
Rhea-AI Summary
Golar LNG (GLNG) has announced plans for a series of fixed income investor meetings starting on September 2, 2024. The company has appointed DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, along with Clarksons Securities and Fearnley Securities as Joint Bookrunners to arrange these meetings. Following these discussions, Golar may issue a new USD-denominated 5-year senior unsecured fixed rate bond, subject to market conditions. The potential proceeds from this bond issue are intended to be used for capital expenditure, debt refinancing, and general corporate purposes.
Positive
- Potential new bond issue to raise capital
- Appointment of reputable financial institutions as bookrunners
- Funds intended for capital expenditure and debt refinancing
Negative
- Increase in debt if bond issue proceeds
Golar LNG Limited (“Golar”) has mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Monday 2 September 2024.
A new USD denominated 5-year senior unsecured fixed rate bond issue may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue are to be applied for capital expenditure and/or refinancing of debt and general corporate purposes.
About Golar LNG
Golar LNG is a NASDAQ listed maritime LNG infrastructure company. Through its 75-year history, the company has pioneered maritime LNG infrastructure including the world's first Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Today Golar is a focused FLNG company, and the only proven provider of FLNG as a service. Golar owns the world’s largest fleet of FLNG units by annual liquefaction capacity, with a market leading operational track record.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.
Hamilton, Bermuda
September 2, 2024
Investor Questions: +44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
FAQ
When will Golar LNG (GLNG) begin its fixed income investor meetings?
What is the potential bond issue Golar LNG (GLNG) is considering?
Who are the appointed bookrunners for Golar LNG 's (GLNG) potential bond issue?
What are the intended uses of the potential bond issue proceeds for Golar LNG (GLNG)?
