Golar LNG Limited Launches Public Follow-On Offering of its Common Stock
(Thomson Reuters ONE) -
Hamilton, Bermuda - (November 14, 2016) - Golar LNG Limited (the "Company")
(NASDAQ: GLNG) announced today the commencement of a registered offering of
5,700,000 shares of its common stock. As part of this offering, the
underwriters are selling 215,000 common shares to a member of the Company''s
board of directors. The Company expects to grant the underwriters a 30 day
option to purchase up to an additional 855,000 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 N.A. 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.
Citigroup is acting as sole book-running manager. Clarksons Platou Securities,
Danske Markets and Evercore ISI are acting as joint lead managers in the
offering.
The Company has filed an effective shelf registration statement (including a
base prospectus) with the Securities and Exchange Commission (the "SEC") related
to the offering. Before you invest, you should read the base prospectus in that
registration statement, the prospectus supplement related to the offering and
the other documents incorporated by reference therein, which the Company has
filed with the SEC, for more complete information about the Company and the
offering. You may obtain these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies may be obtained from Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, or by calling (800) 831-9146.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
This offering may only be made by means of a prospectus supplement and related
base prospectus.
Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking
statements include any statement that may predict, forecast, indicate or imply
future results, performance or achievements. The words "believe," "anticipate,"
"intend," "estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify forward-looking
statements. These statements involve known and unknown factors and are based
upon a number of assumptions and estimates that are inherently subject to
significant risks and uncertainties, many of which are beyond the Company''s
control. Actual results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that could cause actual
results to differ materially include, but are not limited to, those risks and
uncertainties described in the prospectus supplement relating to the offering
and from time to time in the reports and other documents the Company files with
the United States Securities and Exchange Commission, including the Company''s
most recent Annual Report on Form 20-F. New factors emerge from time to time,
and it is not possible for the Company to predict all of these factors. As a
result, you are cautioned not to rely on any forward-looking statements. The
Company undertakes no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information, future events or
otherwise unless required by law.
Hamilton, Bermuda
November 14, 2016
Enquiries:
Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG via GlobeNewswire
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Datum: 14.11.2016 - 16:05 Uhr
Sprache: Deutsch
News-ID 1469929
Anzahl Zeichen: 3021
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