Golar LNG Partners Announces Closing of Equity Offering and Private Placement to Golar LNG Limited
Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today that
its previously announced public offering of 3,900,000 common units representing
limited partner interests (the "Offering") has closed. Golar GP LLC, the
Partnership's general partner, contributed approximately $2.6 million to the
Partnership to maintain its 2.0% general partner interest in the Partnership.
The Partnership also announced today that it has closed a private placement of
416,947 common units to Golar LNG Limited ("Golar LNG") at a price of $29.74 per
common unit, the same price paid by the underwriters in the Offering.
The Partnership expects to use the net proceeds from the Offering, the
concurrent private placement and the general partner's contribution to maintain
its 2% general partner interest to fund the cash portion of the purchase price
for the previously announced acquisition of the LNG carrier, the Golar Maria
(the "Golar Maria Acquisition") from Golar LNG, as well as for general
partnership purposes. If the Golar Maria Acquisition does not close, the
Partnership will use such net proceeds for general partnership purposes.
Morgan Stanley and Citigroup acted as the underwriters in connection with the
Offering.
Copies of the prospectus supplement and accompanying base prospectus related to
the Offering may be obtained from the offices of:
Morgan Stanley Citigroup
Attn: Prospectus Department c/o Broadridge Financial Solutions
180 Varick Street, 2nd Floor 1155 Long Island Avenue
New York, NY 10014 Â Edgewood, NY 11717
Email: prospectus@morganstanley.com Email: BATProspectusdept@citi.com
Telephone: 866-718-1649 Telephone: 800-831-9146
This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The common units were
offered and sold in the Offering pursuant to an effective registration statement
on Form F-3 previously filed with the United States Securities and Exchange
Commission (the "SEC"). This offering may be made only by means of a prospectus
supplement and accompanying base prospectus, which will be filed with the SEC.
FORWARD LOOKING STATEMENTS
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements, which include the
Partnership's expectation regarding the closing of the Golar Maria Acquisition,
involve risks and uncertainties that could cause the outcome to be materially
different. Actual results may differ materially from those expressed or implied
by such forward-looking statements. Important factors that could cause actual
results to differ materially include the factors listed from time to time in the
reports and other documents the Partnership files with the SEC.
Hamilton, Bermuda
February 5, 2013
Investor relations enquiries:
Golar Management Limited
Graham Robjohns: + 44 207 063 7900
Stuart Buchanan: + 44 207 063 7900
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golar LNG Partners L.P. via Thomson Reuters ONE
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