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Commentary & Deal Flow

MANDATE: Golar LNG US$ Benchmark long 5NC2 sr notes investor meetings this week

EM CEEMEA: Deal Flow - GeneralEM Asia: Deal Flow - General

Golar LNG Limited ("Golar") (GLNG), the world’s largest floating LNG company by operating capacity rated B2 by Moody's and B by S&P (both Stable), has mandated Citi and Goldman Sachs International as Global Coordinators and Joint Bookrunners, and ABN Amro, Clarksons Securities, Danske Bank, DNB Carnegie, Fearnleys Securities and Pareto Securities as bookrunners to arrange a series of fixed income investors meetings commencing Monday, 21 September. A USD-denominated 144A/Reg S benchmark Long 5NC2 senior unsecured Notes offering may follow, subject to market conditions. The Notes are expected to be rated B3/B- by Moody’s/S&P. US$500m size expected. Fixed rate, semi-annual pay (30/360). List TISE. NY law. Denoms 2kx1k. Corporate style HY covenant package. The proceeds will be used to fund equity contributions to FLNG Esperanza and FLNG #4 construction; and other GCP purposes, including funding of further FLNG growth units.

Citi will be coordinating logistics.


Golar will be represented by:

Karl Fredrik Staubo – Chief Executive Officer

Eduardo Maranhao​​​​ – Chief Financial Officer

Roadshow Schedule


Monday

21 September





Slot

ET

UK

CET

Format

#1

06:00 – 06:45

11:00 – 11:45

12:00 – 12:45

Small Group Call

#2

07:00 – 07:45

12:0 0 – 12:45

13:00 – 13:45

Small Group Call

#3

08:00 – 08:45

13:00 – 13:45

14:00 – 14:45

Small Group Call

#4

16:00 – 16:45

21:00 – 21:45

22:00 – 22:45

Small Group Call (US focused)

#5

17:00 – 17:45

22:00 – 22:45

23:00 – 23:45

Small Group Call (US focused)






Tuesday

22 September





Slot

ET

UK

CET

Format

#6

03:30 – 04:15

08:30 – 09:15

09:30 – 10:15

Small Group Call

#7

04:15 – 05:00

09:15 – 10:00

10:30 – 11:15

Small Group Call

#8

05:30 – 06:15

10:30 – 11:15

11:30 – 12:15

Small Group Call

#9

06:30 – 07:15

11:30 – 12:15

12:30 – 13:15

Small Group Call

#10

07:30 – 08:15

12:30 – 13:15

13:30 – 14:15

Small Group Call

#11

08:30 – 09:15

13:30 – 14:15

14:30 – 15:15

Small Group Call

#12

09:30 – 10:15

14:30 – 15:15

15:30 – 16:15

Small Group Call

#13

16:00 – 16:45

21:00 – 21:45

22:00 – 22:45

Small Group Call (US focused)

#14

17:00 – 17:45

22:00 – 22:45

23:00 – 23:45

Small Group Call (US focused)

Wednesday

23 September





Slot

ET

UK

CET

Format

#15

05:30 – 06:15

10:30 – 11:15

11:30 – 12:15

Small Group Call

#16

06:30 – 07:15

11:30 – 12:15

12:30 – 13:15

Small Group Call

#17

07:30 – 08:15

12:30 – 13:15

13:30 – 14:15

Small Group Call

#18

08:30 – 09:15

13:30 – 14:15

14:30 – 15:15

Small Group Call

#19

09:30 – 10:15

14:30 – 15:15

15:30 – 16:15

Small Group Call

#20

10:30 – 11:00

15:30 – 16:00

16:30 – 17:00

Small Group Call

#21

16:00 – 16:45

21:00 – 21:45

22:00 – 22:45

Small Group Call (US focused)

#22

17:00 – 17:45

22:00 – 22:45

23:00 – 23:45

Small Group Call (US focused)


Biz: offers floating LNG services. HQ: Hamilton, Bermuda.

Note: With all of its vessels operating in emerging market countries (Argentina, Mauritius, and Senegal) we are classifying it as an Emerging Market issue.