Golar LNG sets investor calls for Monday ahead of dollar bond offering

By Marisa Wong

Los Angeles, Sept. 30 – Golar LNG Ltd. has mandated DNB Markets and Pareto Securities as global coordinators and Danske Bank and Nordea Markets as joint lead managers to arrange a series of fixed-income investor calls beginning on Monday.

A dollar-denominated four-year senior bond issue may follow, subject to market conditions among other things, according to a press release.

Proceeds from the bond issue would be used to refinance the company’s outstanding convertible bonds maturing in February 2022 and for general corporate purposes.

The company also announced on Thursday that it entered into agreements with existing banks for a $200 million three-year replacement revolver and an up to $182 million five-year refinancing facility.

Hamilton, Bermuda-based Golar LNG is an owner and operator of liquid natural gas carriers.

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