Sponsored By

Golar LNG looks to raise $594m to fund FLNG conversion

Golar LNG is looking to raise $594m from a follow-on stock offering to fund initial milestone payments for a Floating LNG (FLNG) conversion at Keppel Shipyard.

Marcus Hand, Editor

June 25, 2014

1 Min Read
Kalyakan - stock.adobe.com

Golar LNG priced the offering of 11m shares at $54 per share, which would raise $594m. The underwriters have a 30-day option to purchase an additional 1.65m shares, which would bring proceeds to $683.1m.

The company said proceeds from the offering would be used for initial milestone payments on the conversion of the LNG carrier Hilli to an FLNG at Keppel Shipyard in Singapore, and to partly fund future payments under the contract.

The share offering is set to close on 30 June.

BofA Merrill Lynch, Goldman, Sachs & Co, Morgan Stanley and RS Platou Markets are acting as joint book-running managers and Arctic Securities, DNB Markets, Fearnley Securities and Pareto Securities are acting as co-managers for the offering.   

Read more about:

LNGKeppelFLNG

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like

Latest in Red Sea Crisis

thumbnail
Containers
Gemini to pick from twin network options in OctoberGemini to pick from twin network options in October
byGary Howard
Sep 10, 2024
2 Min Read
thumbnail
Containers
Standalone MSC network to offer Suez and Cape routesStandalone MSC network to offer Suez and Cape routes
byGary Howard
Sep 9, 2024
1 Min Read
View of container ship from the air
Containers
ONE and SeaLead launch new Red Sea servicesONE and SeaLead launch new Red Sea services
byMarcus Hand
Sep 5, 2024
2 Min Read
Latest News
VIEW ALL
Sep 18 - Sep 19, 2024
Connecting global maritime and logistics professionals in Saudi Arabia.
learn more
Recent Podcasts