Golar LNG raising funds through stock offering

Golar LNG raising funds through stock offering
Image courtesy of Golar LNG

Golar LNG on Monday said it has offered 6,500,000 shares of its common stock priced as US$23.50 per share. 

The company initially offered 5,700,000 shares, however, the offering has been increased by 800,000 shares, Golar LNG’s statement reads.

As part of the offering, the underwriters are selling 212,765 common shares to a member of the company’s board of directors at the public offering price.

Golar LNG granted the underwriters a 30 day option to purchase up to an additional 975,000 common shares.

The proceeds of the offering are expected to be used to partly fund the settlement of the company’s outstanding convertible bonds and will augment a recently received commitment from Citibank to finance the remainder of the amounts outstanding under the company’s convertible bonds through a new term loan credit facility of up to $150 million.

The offering is scheduled to close on November 18, 2016, according to the statement.

Share this article

Follow LNG World News

Posted on November 16, 2016 with tags .

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

Papua New Guinea Petroleum & Energy Summit

Capitalise on the Exciting Commercial Opportunities in the Papua New Guinean Oil & Gas Sector

read more >

NGV Global 2017

The NGV GLOBAL 2017 Conference will bring together leaders in the world natural gas for vehicles to discuss current trends, development…

read more >

Gastech Conference & Exhibition

Gastech Conference & Exhibition represents and addresses the current commercial and technical challenges spanning the entire natural gas & LNG supply chain..

read more >