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Golar prices offering of Golar LNG Partners shares

first_imgGolar LNG revealed the pricing of an underwritten secondary offering of 7,170,000 common units representing limited partner interests in Golar LNG Partners.The units offered by Golar LNG are priced at $29.90 per unit, and according to the company, it intends to use the net proceeds of the offering to fund a portion of the contract with Keppel Shipyard to convert one of its first generation LNG carriers, Gimi, into a floating natural gas liquefaction facility.Following completion of the offering, Golar will own the following interests in Golar Partners: 1,668,096 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. The common, subordinated and general partner units amount to approximately 30% of Golar Partners total units in issue and this is expected to remain as a long-term holding.[mappress mapid=”16450″]LNG World News Staff; Image: Keppellast_img read more