Golar LNG Partners raising cash through share sale

Golar LNG Partners raising cash through share sale
Image courtesy of Golar LNG Partners

Golar LNG Partners, a limited partnership formed by Golar LNG, plans to offer 4,500,000 common units in an underwritten public offering.

The Partnership expects to grant to the underwriter a 30-day option to purchase up to an additional 675,000 common units, according to the partnership’s statement.

The underwriter intends to offer the Partnership’s common units in transactions on the Nasdaq Global Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices, the statement reads.

Net proceeds from the offering and the related capital contribution by its general partner will be used to maintain its 2 percent general partner interest for general partnership purposes.

 

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