Golar LNG Partners Preferred Units: High Yield But Even Higher Risks

Suphanat Khumsap More than three years ago, New Fortress Energy (NFE) acquired Golar LNG Partners in a $1.9 billion transaction that likely saved the debt-laden partnership from a potential bankruptcy filing. Shortly after closing, the partnership decided to delist its 8.75% Series A Cumulative Redeemable Preferred Units (OTC:GMLPF) from Nasdaq. With the preferred units now trading on the OTC Expert Market, the majority of investors is precluded from trading in the securities except for closing existing pos ...