Golar LNG talks $300 million four-year senior notes at 7%-7¼% yield; books close Wednesday

By Paul A. Harris

Portland, Ore., Oct. 6 – Bermuda-based Golar LNG Ltd. talked a $300 million offering of senior notes due Oct. 20, 2025 at par to yield 7% to 7¼%, according to a market source.

Official talk comes on top of initial guidance.

Books close on Wednesday.

Bookrunners DNB Markets and Pareto Securities are the global coordinators. Danske Bank and Nordea Markets are the lead managers.

The four-year notes come with 2.5 years of call protection.

Proceeds will be used to refinance the company's outstanding convertible bonds due February 2022 and for general corporate purposes.

Golar LNG owns and operates LNG infrastructure.

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