Golar LNG Partners LP Cash Distributions
January 28 2020 - 8:03AM
Golar LNG Partners LP (“the Partnership” or
“Golar Partners”) (NASDAQ: GMLP) announced today that its board of
directors has approved a quarterly cash distribution with
respect to the quarter ended December 31, 2019 of
$0.4042 per common and general partner unit. This cash
distribution will be paid on February 14, 2020 to all common and
general partner unitholders of record as of the close of business
on February 7, 2020.
Golar Partners continues to evaluate its
structure and strategy, as referenced in its announcement on
October 1, 2019, in order to maximise long-term shareholder value
whilst ensuring the Partnership is appropriately debt financed.
This activity includes potential structured transactions to grow
the Partnership as well as bond and bank debt refinancing whilst
also continuing to pursue opportunities for redeployment of the
Golar Spirit and Golar Mazo. Future dividend levels and growth
prospects will be determined by the relative success of these
activities including the level and terms of new financing and
growth capital requirements. The Partnership is aiming to finalise
the majority of these activities within the next 3 months.
A cash distribution of $0.546875 per Series A
preferred unit (NASDAQ: GMLPP) for the period from November 15,
2019 through February 14, 2020 has also been declared. This
will be payable on February 14, 2020 to all Series A preferred
unitholders of record as at February 7, 2020.
Golar LNG Partners LP Hamilton, Bermuda January
28, 2020
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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