Nasdaq-listed Golar LNG Partners, a limited partnership formed by Golar LNG, priced the shares it is shedding through a public offering at $25 per unit.
The company plans on offering 4,800,000 shares representing limited partner interests, proceeds from which will be used to fund acquisitions.
The Partnership has granted the underwriters a 30-day option to purchase up to an additional 720,000 units.
Net proceeds from the offering will also be used to repaying indebtedness and funding working capital and capital expenditures, the partnership said in its statement.
The offering is expected to close on October 31.