Golar LNG Limited announced the commencement of a secondary offering of 27,826,087 shares of its common stock by its principal shareholder, World Shipholding.
World Shipholding expects to grant the underwriters a 30-day option to purchase up to an additional 4,173,913 common shares at a price to the public of $58.50 per share. World Shipholding granted the underwriters a 30-day option to purchase up to an additional 4,173,913 common shares. Golar LNG Limited will not receive any proceeds from the sale of common shares by World Shipholding.
BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., Morgan Stanley and RS Platou Markets AS are acting as joint book-running managers and Arctic Securities, BNP PARIBAS, DNB Markets and Pareto Securities are acting as co-managers in the offering.
Press Release, September 5, 2014; Image: Golar LNG