Golar LNG Limited – Contemplated buy-back of bonds
December 05 2022 - 1:00AM
5 December 2022
Golar LNG Limited ("Golar")
announces an offer to buy-back parts of its USD 300,000,000 senior
unsecured bonds maturing 20 October 2025 (with ISIN NO 0011123432)
for cash (the "Buy-Back Offer").
DNB Markets (the "Manager") is
acting as manager of the Buy-Back Offer. The Buy-Back Offer will be
conducted as a "Reverse Dutch Auction", where bondholders can offer
bonds, at desired volumes and prices, to Golar, through the
Manager. Golar reserves the right to accept any volume up to an
accepted price, or to reject all received offers.
All bondholders, subject to legal constraints
(if any) are hereby invited to provide offers for sale of all or a
portion of their bonds through submission of the attached
bondholders offer form (the "Bondholders Offer
Form"). The final date for submission is 16:00 CET, 9
December 2022. On or prior to 09:00 CET on 12 December 2022,
Golar will decide upon the highest buy-back price (the
"Buy-Back Price") acceptable and consequently the
total amount of bonds to be repurchased, if any.
All bondholders with offers equaling the
Buy-Back Price or lower will receive the Buy-Back Price (plus
accrued interest) on allocated amounts up to the amounts offered
within the accepted maximum price. Golar may in its sole discretion
reduce the number of Bonds to be acquired on a pro rata basis for
Bonds offered at the Buy-Back Price. Cash settlement is set to 15
December 2022.
In the attached Bondholder's Offer Form further
details and restrictions related to the offer is stated. Each
bondholder must on its own consider if it is covered by any
restrictions that hinders it from participating in the offer.
All submissions of Bondholders Offer Form must
be sent by e-mail to DNB Markets no later than 16:00 CET, 9
December 2022. Contact details:
DNB Markets Credit Sales by tel: +47 24 16 90 30; or DNB
Markets, Bond Syndicate by e-mail: bond.syndicate@dnb.no
Golar may, in its sole discretion, waive,
extend, terminate or withdraw the size of the buy‑back at any time.
Any prospective changes to this offer will be announced on
www.stamdata.com.
Please see Bondholders Offer Form attached.
Enquiries: Golar Management Limited: + 44 207 063 7900 Karl
Fredrik Staubo - CEO Eduardo Maranhão – CFO Stuart Buchanan - Head
of Investor Relations
Important information:
The release is not for publication or
distribution, in whole or in part directly or indirectly, in or
into Australia, Canada or Japan (including its territories and
possessions) or in any other jurisdiction where such publication or
distribution is unlawful.
This release is an announcement issued pursuant
to legal information obligations and is subject of the disclosure
requirements pursuant to the Market Abuse Regulation (MAR) Article
17 no. 1 and section 5-12 of the Norwegian Securities Trading Act,
and was prepared by Stuart Buchanan, Head of Investor Relations at
Golar LNG Limited, tel. +44 20 7063 7900. It is issued for
information purposes only, and does not constitute or form part of
any offer or solicitation to purchase or subscribe for securities,
in the United States or in any other jurisdiction.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Golar LNG Limited undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
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