Golar LNG closed a new term loan credit facility of up to $150 million. Clarksons Platou Securities, Danske Markets and Evercore ISI were joint lead managers in the offering. Citicorp was sole bookrunner.
Bermuda-based Golar has also increased the size of its previously announced registered offering by 800,000 shares to 6,500,000 shares of its common stock. The company has also announced the pricing of the upsized offering, at a public offering price of $23.50 per share. 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 to finance the remainder of the amounts outstanding under the company’s convertible bonds through the term loan. The offering is scheduled to close on November 18, 2016.