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Golar LNG Partners LP
GMLP announced today that it plans to offer 5,100,000 common units, representing limited partner interests, in a public offering. In addition, Golar LNG Limited
GLNG ("Golar") is offering 3,400,000 common units, representing limited partner interests, in the offering as a selling unitholder. The Partnership intends to use the net proceeds that it receives in the offering and the related capital contribution by its general partner to maintain its 2% general partner interest to fund a portion of the purchase price of its previously announced acquisition of the floating storage and regasification unit ("FSRU"), the Golar Igloo, from Golar. The Partnership will not receive any of the proceeds from the common units being sold by Golar. If the acquisition of the Golar Igloo does not close, the Partnership will use the net proceeds for general partnership purposes. Golar Partners operates a fleet of liquefied natural gas ("LNG") carriers and FSRUs, on long-term contracts and part of its strategy is to expand its operations in the LNG carrier and FSRU sectors, with a focus on long-term contracted assets.Morgan Stanley and Wells Fargo Securities are acting as the underwriters
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