Golar LNG
Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP
Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP
Highlights
Golar LNG Limited (“Golar” or “GLNG”) received $50 million in cash and 18.6 million Class A common shares in New Fortress Energy Inc. (“NFE”) worth $878 million based on the April 14 closing price as consideration for the sale of its 50% interest in Hygo Energy Transition Limited (“Hygo”).
Golar received $81 million in cash for the sale of its 32% interest in Golar LNG Partners LP (“GMLP”).
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Highlights
Golar LNG Limited ( Golar or GLNG ) received $50 million in cash and 18.6 million Class A common shares in New Fortress Energy Inc. ( NFE ) worth $878 million based on the April 14 closing price as consideration for the sale of its 50% interest in Hygo Energy Transition Limited ( Hygo ).
Golar received $81 million in cash for the sale of its 32% interest in Golar LNG Partners LP ( GMLP ).
Together, the transactions crystalize part of the value built in the Golar asset portfolio since 2015 and will generate a book gain to Golar of approximately $740 million based on Q4 2020 book values.
These sales complete a significant step in Golar s corporate simplification process.
Holder ) of its 9.850% Senior Secured Notes due 2032 (the
Notes ), issued and outstanding under the indenture, dated as of April 12, 2018, among the Company, CELSE – Centrais Elétricas de Sergipe S.A., as guarantor (
CELSE ), and Citibank, N.A., as trustee (in such capacity, the
Trustee ), to permit the Company, as the sole holder of certain debentures issued by CELSE pursuant to an indenture (as amended, the
Debenture Indenture ), dated as of March 28, 2018, among CELSE, Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários, as fiduciary agent (the
Fiduciary Agent ) and Credit Suisse AG, in its capacities as policyholder and policyholder agent (the
Border to Coast picks 5 managers for infrastructure, makes first co-investment
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Border to Coast Pensions Partnership, Leeds, England, committed more than £500 million ($700 million) to five infrastructure funds and an infrastructure project, confirmed a spokesman for the pool of U.K. local authority pension funds.
The new infrastructure commitments are part of the pool s £3 billion private markets program. The pool s member funds have about £46 billion in total assets.
The new investments are:
Patria Investments.
I Squared Capital that is focused on core-plus/value-added investments across middle-market and large-cap companies.
$125 million commitment to
BlackRock Global Renewable Power Fund III, which invests in a mix of greenfield and brownfield assets globally.
January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by