Fixed income investor calls, contemplated bond issue and new financing facilities
30 September 2021 - 3:51PM
Golar LNG Limited (the “Company”) has mandated
DNB Markets and Pareto Securities as Global Coordinators and Danske
Bank and Nordea Markets as Joint Lead Managers to arrange a series
of fixed income investor calls commencing on October 4, 2021. A USD
denominated 4-year senior unsecured bond issue may follow, subject
to, inter alia, market conditions. Net proceeds from the bond issue
will be applied towards the refinancing of the Company’s
outstanding convertible bonds maturing in February 2022 and for
general corporate purposes.
The Company is also pleased to announce agreed
term sheets for two new bank finance facilities:
- A 3-year Revolving Credit Facility (“RCF”) of up to $200
million secured against the Company’s shareholding in New Fortress
Energy at an interest rate of L+300bps. The RCF will replace the
existing $100 million bilateral facility maturing in December
carrying a current interest rate of L+450bps.
- A 5-year refinancing facility for the FSRU Golar Tundra of up
to $182 million at an interest rate of L+300bps. The new Golar
Tundra facility will replace the current $104.4 million facility
that matures in June 2022 and carries interest at L+385bps.
Both of the bank facilities above are with
existing relationship banks, and subject to final
documentation.
About Golar
Golar LNG is one of the world's most innovative
and experienced independent owners and operators of marine LNG
infrastructure. The company developed 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. Front End Engineering and Design (FEED)
studies have now been completed for a larger newbuild FLNG
solution. Golar is also collaborating with another industry leader
to investigate solutions for the floating production of blue and
green ammonia as well as carbon reduction in LNG production.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. 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 statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking 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 30, 2021
Enquiries:
Golar Management Limited: + 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
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