Golar LNG in $300 million bond issue

Nasdaq-listed Golar LNG said it has placed $300 million in senior unsecured bonds in the Nordic bond market.

The bonds will mature in October 2025 and bear interest at 7.00% per year, according to a Golar LNG statement.

Golar LNG says it would use net proceeds from the bond issue towards the refinancing of the company’s outstanding convertible bonds maturing in February 2022 and general corporate purposes.

Also, the firm added it would make an application to list the bonds on the Oslo Stock Exchange.

Golar reported in August the company’s “best ever quarterly net income” of $471.4 million, inclusive of a gain on disposal of Hygo Energy and Golar LNG Partners to New Fortress Energy.

It also fixed one LNG carrier on a five-year charter, boosting its shipping revenue backlog to $259 million.

Golar currently owns nine LNG carriers but also operates seven more. It also has one FSRU and operates eight of these units as well, according to its website.

Besides the LNG carrier and FSRU business, Golar LNG owns one FLNG conversion candidate and has majority stakes in the world’s first FLNG conversion, Hilli Episeyo, as well as Gimi FLNG conversion.

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