Golar LNG amends conversion price of convertibles due to dividends

By Tali Rackner

Norfolk, Va., Sept. 11 – Golar LNG Ltd. adjusted the conversion rate of its 3.75% secured convertible bonds due 2017, according to a notice from trustee Nordic Trustee ASA.

The conversion price was adjusted to $48.8588, effective as of Sept. 8.

The change is due to a dividend payment of $0.45 per share on May 28 and Aug. 26.

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

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