Golar LNG Limited ("Golar" or the "Company") announced today that the underwriters for the initial public offering of Golar LNG Partners LP (the "Partnership") exercised in full their over-allotment option to purchase from Golar an additional 1,800,000 common units of the Partnership. The initial public offering of 12,000,000 common units of the Partnership closed on April 13, 2011 and the sale of the additional 1,800,000 common units (at a price of $22.50) of the Partnership closed on April 20, 2011. The common units trade on The Nasdaq Global Select Market under the symbol "GMLP".
Immediately following the closing of the over-allotment option, Golar owned 9,327,254 common units and 15,949,831 subordinated units, representing an approximate 63.4% limited partner interest in Golar LNG Partners LP, and a 2.0% general partner interest in the Partnership (through Golar's ownership of the general partner).
Citi, BofA Merrill Lynch and Morgan Stanley acted as the joint bookrunning managers of the offering. Citi and Evercore Partners served as co-structuring agents on behalf of Golar in connection with the offering.
Contact
Golar LNG Limited
April 21, 2011
Hamilton, Bermuda
Questions should be directed to:
Golar LNG Management Ltd - +44 207 063 7900
Brian Tienzo: Group Financial Controller
Graham Robjohns: Chief Executive Officer
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Thomson Reuters ONE
