Golar LNG Announces Pricing of $500 Million Offering of Senior Notes due 2031
Golar LNG Limited today announced the pricing of a private offering (the “Offering”) of $500 million in aggregate principal amount of unsecured senior notes due 2031 (the “Notes”). The Notes will bear interest at a rate of 7.5% per year and will mature on December 15, 2031. The Notes will be issued
Corporate Finance & Capital Structure
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Deal Metrics: Golar LNG priced a private offering of $500 million in aggregate principal amount of unsecured senior notes.
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Cost of Capital: The notes bear interest at a rate of 7.5% per year, establishing the current borrowing cost for the issuer.
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Maturity Profile: The debt instrument matures on December 15, 2031, extending the company's liability horizon by seven years.
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Security Status: The offering consists of unsecured senior notes, indicating no specific asset collateralization for this tranche.
Corporate Liquidity & Fleet Investment
Secures $500M in liquidity to support operational expenditures or vessel acquisitions without immediate equity dilution.
The 7.5% coupon rate provides a benchmark for assessing Golar LNG's credit spread and risk profile in the shipping sector.
Financial Calendar & Maturity Dates
- December 15, 2031: Note maturity date
Debt Issuance Q&A
What is the total principal amount of the new notes? ▾
The aggregate principal amount is $500 million.
What is the annual interest rate on these notes? ▾
The notes bear interest at 7.5% per year.
This dispatch has been curated by Press Glob under international press wire fair-use reporting standards. Access the original reporting directly below.
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