Golar looking to cash in through $350 mln offering

Golar looking to cash in through $350 mln offering
Image courtesy of Golar LNG

Golar LNG intends to offer US$350 million senior notes due 2022 to fund the operations and cost of the initial capped call transactions. 

According to the company’s statement, it intends to enter into capped call transactions with one or more of the initial purchasers of the Notes or their affiliates.

Golar expects the capped call to reduce the potential dilution to the company’s common shares upon and/or offset the cash payments the company is required to make in excess of the principal amount of converted notes.

The company also intends to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $52.5 million aggregate principal amount of the notes in connection with the offering, solely to cover overallotments.

Notes would be offered in a private placement to qualified institutional buyers, the company said.

Share this article

Follow LNG World News

Posted on February 14, 2017 with tags .

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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 29
30 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >