Golar LNG (GLNG) to Offer 11M Common Sahares

Golar LNG Limited (NASDAQ: GLNG) announced today that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering (the “Offering”). The Company intends to use the net proceeds from the Offering to partially repay the Term Loan facility, to repay the Margin Loan Facility in full and to use any remaining funds for general corporate purposes, which may include, among other things, capital expenditures, repaying other indebtedness, funding working capital or investments.

The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 Common Shares.

Citigroup, Clarksons Platou Securities and DNB Markets are acting as joint book-running managers and Arctic Securities is acting as a manager for the Offering.

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