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Golar LNG Prices $500 Million Private Debt Offering

BY MT Newswires | CORPORATE | 06/26/25 05:53 AM EDT

05:53 AM EDT, 06/26/2025 (MT Newswires) -- Golar LNG (GLNG) said Thursday it priced a private placement of $500 million of its 2.75% convertible senior unsecured notes due Dec. 15, 2030.

Initial purchasers have a 30-day option to buy up to an additional $75 million of the notes.

The company expects the offering to close Monday and plans to use the net proceeds to repurchase 2.5 million common shares and for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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