Golar LNG Limited Launches Public Follow-On Offering of its Common Stock
November 14 2016 - 3:05PM
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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