Golar LNG Limited Closes Offering of $575 Million of 2.75% Convertible Senior Notes Due 2030 and Repurchase of 2.5 Million Common Shares

Core Points - Golar LNG Limited announced the closing of a $575 million offering of 2.75% Convertible Senior Notes due 2030, with $75 million from the initial purchasers' option [1][2] - The Notes are senior, unsecured obligations with a conversion rate of 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 recent closing price [2] - A portion of the proceeds will be used to repurchase 2.5 million common shares, reducing the total outstanding shares to 102.3 million, while the remaining proceeds will support general corporate purposes, including growth investments and debt repayment [3] Summary by Sections Offering Details - The offering consists of 2.75% Convertible Senior Notes due 2030, sold in a private placement to qualified institutional buyers [1] - The Notes bear interest at 2.75% per annum, payable semi-annually, and mature on December 15, 2030 [2] Conversion Features - The initial conversion rate is set at 17.3834 common shares per $1,000 principal amount, with an initial conversion price of approximately $57.53 per share, reflecting a 40% premium over the closing price of $41.09 on June 25, 2025 [2] Use of Proceeds - The company plans to use part of the net proceeds to repurchase 2.5 million common shares and intends to cancel these shares, reducing the outstanding share count [3] - Remaining proceeds will be allocated for general corporate purposes, including future growth investments and debt repayment [3]