Golar LNG Limited Announces Pricing of $500 Million of 2.75% Convertible Senior Notes Due 2030 and repurchase of 2.5 million common shares

Core Viewpoint - Golar LNG Limited has announced the pricing of $500 million in 2.75% Convertible Senior Notes due 2030, with an option for initial purchasers to buy an additional $75 million, expected to close on June 30, 2025 [1][5]. Group 1: Notes Details - The Notes will bear interest at 2.75% per annum, payable semi-annually starting December 15, 2025, and maturing on December 15, 2030 [2]. - The initial conversion rate is set at 17.3834 common shares per $1,000 principal amount, equating to an initial conversion price of approximately $57.53 per share, representing a 40% premium over the average share price of $41.09 on June 25, 2025 [2]. - The Notes are redeemable at the company's option starting December 20, 2028, if the common shares' price exceeds 130% of the conversion price for a specified period [3]. Group 2: Fundamental Change and Use of Proceeds - In the event of a fundamental change, holders can require the company to purchase the Notes at a price equal to 100% of the principal amount plus accrued interest [4]. - The net proceeds from the sale of the Notes will be used to repurchase 2.5 million common shares and for general corporate purposes, including potential growth investments and repaying debt [5].