Golar LNG Limited announced the pricing of its previously announced underwritten public offering (the “Offering”) of 11,000,000 shares of its common stock, at a public offering price of $8.75 per share. The Company granted the underwriters a 30 day option to purchase up to an additional 1,650,000 common shares. The Company intends to use the net proceeds from the Offering to partially repay the Term Loan facility, to repay the Margin Loan Facility in full and to use any remaining funds for general corporate purposes, which may include, among other things, capital expenditures, repaying other indebtedness, funding working capital or investments. The Offering is scheduled to close on December 7, 2020.
Citigroup, Clarksons Platou Securities, DNB Markets and Arctic Securities are acting as joint lead managers and bookrunners in the Offering.
