Golar LNG Partners said that it plans to offer 3,900,000 common units representing limited partner interests in a public offering.
In addition, Golar LNG Limited has agreed to purchase directly from Golar Partners in a private placement, $12.4 million of common units, such private placement to close concurrently with the public offering of common units.
The Partnership intends to use the net proceeds from the public offering, the concurrent private placement and the general partner’s contribution to maintain its 2% general partner interest to fund part of the purchase price in connection with its previously announced acquisition of the liquefied natural gas (LNG) carrier, the Golar Maria.
If the Acquisition does not close, Golar Partners will use the net proceeds from the public offering, the concurrent private placement and the general partner’s contribution for general partnership purposes.
Morgan Stanley and Citigroup are acting as the underwriters in connection with the offering of common units.
[mappress] LNG World News Staff, January 31, 2013