Fixed income investor calls, contemplated bond issue and new financing facilities

30 Sep 2021

Golar LNG Limited (the "Company") has mandated DNB Markets and Pareto Securities as Global Coordinators and Danske Bank and Nordea Markets as Joint Lead Managers to arrange a series of fixed income investor calls commencing on October 4, 2021. A USD denominated 4-year senior unsecured bond issue may follow, subject to, inter alia, market conditions.

Net proceeds from the bond issue will be applied towards the refinancing of the Company's outstanding convertible bonds maturing in February 2022 and for general corporate purposes.

The Company is also pleased to announce agreed term sheets for two new bank finance facilities:

• A 3-year Revolving Credit Facility ("RCF") of up to $200 million secured against the Company's shareholding in New Fortress Energy at an interest rate of L+300bps. The RCF will replace the existing $100 million bilateral facility maturing in December carrying a current interest rate of L+450bps.

• A 5-year refinancing facility for the FSRU Golar Tundra of up to $182 million at an interest rate of L+300bps. The new Golar Tundra facility will replace the current $104.4 million facility that matures in June 2022 and carries interest at L+385bps.

Both of the bank facilities above are with existing relationship banks, and subject to final documentation.

About Golar
Golar LNG is one of the world's most innovative and experienced independent owners and operators of marine LNG infrastructure. The company developed the world's first Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers.

Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon reduction in LNG production.

Golar LNG Limited press release