Golar LNG Partners L.P.: New Fortress Energy Completes Acquisition of Golar LNG Partners LP
April 15, 2021 - Golar LNG Partners LP (Nasdaq: GMLP) ( GMLP ) today announces the completion of its sale to New Fortress Energy Inc. ( NFE ).
Under NFE s merger agreement with GMLP, NFE acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE also acquired GMLP s general partner for equivalent consideration. The transaction is valued at a $1.9 billion enterprise value and $251 million equity value. The Series A preferred units of GMLP will remain outstanding following the merger. We are confident that the sale of GMLP to NFE is a good solution to all GMLP stakeholders, and successfully concludes the announced strategic review for the Partnership. We would like to thank all of our stakeholders for the interest and support through the Partnership s public history. We would also like to thank the NFE team for an efficient closing of the transaction and wi
Golar LNG Partners L.P.: Golar LNG Partners LP preliminary fourth quarter and financial year 2020 results
436
20,716
4,600
81,414 Indirect administrative expenses are allocated to the FSRU and LNG carrier segments based on the number of vessels. Relates to effective share of revenues and expenses attributable to our investment in Golar Hilli LLC ( Hilli LLC ) had we consolidated our 50% ownership of the Hilli LLC common units.
In order to incorporate the economic performance of the FSRU
Golar Freeze into total partnership performance, management has determined that it will measure the performance of the Golar Freeze sales-type lease based on Adjusted EBITDA
1 (EBITDA as adjusted for the amount invoiced under sales-type lease in the period).
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Golar LNG Partners LP Common Unitholders Approve Merger at Special Meeting
Golar LNG Partners LP announces that at a special meeting held today, the holders of common units representing limited partner interests of Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) voted on and approved the Agreement and Plan of Merger (the “Merger Agreement”), dated as of January 13, 2021, by and among GMLP, Golar GP LLC, New Fortress Energy Inc. (“NFE”), Lobos Acquisition LLC and NFE International Holdings Limited, and the merger contemplated thereby (the “Merger”). Pursuant to the Merger Agreement NFE has agreed to acquire all of the outstanding common units and general partner units of GMLP for $3.55 per unit in cash.