Golar LNG revises conversion price of convertibles due to dividend

By Marisa Wong

Morgantown, W.Va., Dec. 30 – 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 $45.81, effective as of Dec. 8.

The change is due to a dividend payment of $0.45 per share in connection with the third-quarter 2015 report released on Nov. 30.

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

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