Golar LNG: Completion Of Sale Of Nusantara Regas Satu
Golar LNG Limited ("Golar" or the "Company") announced today that it has completed its sale of interests in the companies that own and operate the floating storage and regasification unit ("FSRU") Nusantara Regas Satu to Golar LNG Partners L.P. ("Golar LNG Partners" or "the Partnership") for a price of $385 million.
The Company has agreed to provide Golar LNG Partners with $155 million in vendor financing with the balance of $230 million to be received in cash. It is anticipated that the Partnership will secure bank financing and use the proceeds from this to repay the Company's vendor financing during the third quarter.
This press release contains a forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") regarding the Company's expectation that its $155 million loan to Golar LNG Partners will be repaid. This statement is based on management's current expectations or beliefs and is subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statement. Such risks and uncertainties include, without limitation, those risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission pursuant to the Securities Act and the Exchange Act. The Company disclaims, and does not undertake, any obligation to update or revise the forward-looking statement in this press release.
July 19, 2012
Golar Management Limited - + 44 207 063 7900