Golar LNG accepts $140 million in buybacks for senior bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., Dec. 12 – Bermuda-based Golar LNG Ltd. announced it has accepted approximately $140 million in its offer to buy back parts of its $300 million senior bonds maturing Oct. 20, 2025 (ISIN: NO0011123432), according to a press release.

The offer was conducted as a reverse Dutch auction.

All bondholders with offers equaling the buyback price or lower will receive the buyback price (plus accrued interest) on allocated amounts up to the amounts offered within the accepted maximum price. The bonds will be repurchased at par.

Golar had reserved the right to accept any volume up to an accepted price, or to reject all received offers.

Tenders were due by 10 a.m. ET on Dec. 9.

Settlement is expected for Dec. 15.

Tenders may be prorated.

DNB Markets is managing the offer (+47 24 16 90 30, bond.syndicate@dnb.no).

Golar LNG owns and operates LNG infrastructure.

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