Athens: Golar LNG has issued $150m in new senior unsecured bonds in the Norwegian market, which will be applied for listing on the Oslo Stock Exchange.
The net proceeds will be used to repay the company’s existing debt and shareholder loans, as well as for general corporate purposes.
Settlement is anticipated for May 22 this year, Golar said today, with the bonds set to mature around May 22, 2020.
The NASDAQ-listed company has used interest rate swaps to hedge the aggregate principal of the bond. The all-in interest cost for the $150m will be approximately 6.275%, Golar said.
Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities are acting as joint bookrunners for the bond issuance, with DVB Capital Markets and Fearnley Securities acting as co-managers.