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Golar LNG Partners L.P.: Golar Tundra Acquisition

Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today that
it has entered into an agreement to acquire the ownership interests in the
company ("Tundra Corp") that is the disponent owner and operator of theGolar
a floating storage and regasification unit ("FSRU"), from Golar LNG Limited
("Golar") for an aggregate purchase price of $330.0 million, less an expected
amount of approximately $230 million of net lease obligations under the bank
financing for the vessel (the "Purchase Price"). Concurrently with the
execution of the purchase agreement, the Partnership paid an approximate 10%
deposit to Golar. The Partnership expects theGolar Tundra
acquisition to close (the "Closing") in March 2016, subject to the
satisfaction of customary closing conditions.

TheGolar Tundra
was built by Korean shipyard, Samsung Heavy Industries Co. Ltd., and was
delivered to Golar in November 2015. TheGolar Tundra
is subject to a time charter (the "Golar Tundra Time Charter") with West
Africa Gas Limited ("WAGL"), for an initial term of five years, which may be
extended for an additional five years at WAGL's option. WAGL is jointly
owned by subsidiaries of the Nigerian National Petroleum Corporation ("NNPC")
with 60% and Sahara Energy Resource Ltd. ("Sahara") with 40%. The joint
venture is developing an LNG import project at the port of Tema on the coast
of Ghana West Africa. The FSRU will be moored inside the port at a new jetty
being built by WAGL. TheGolar Tundra
is expected to commence operations under the Golar Tundra Time Charter in the
second quarter of 2016.

Prior to the Closing, the Partnership expects to enter into a new, 5 year,
$800 million senior secured credit facility. The new credit facility is
expected to consist of a $650 million term loan facility and a $150 million
revolving credit facility and is intended to replace the existing credit
facilities that are secured by seven vessels in the Partnership's fleet. The
Partnership intends to use borrowings under the revolving credit facility to
fund the remaining $70 million cash purchase price for theGolar Tundra
. The new credit facility would increase the average tenor of the
Partnership's existing bank debt and, in particular, will extend the maturity
of approximately $380 million of indebtedness from 2018 to 2021.

In connection with the Closing, the Partnership will enter into an agreement
with Golar pursuant to which Golar will pay to the Partnership a daily fee
plus operating expenses, aggregating approximately $2.6 million per month,
for the right to use the FSRU from the date of the Closing until the date
that theGolar Tundra
commences operations under the Golar Tundra Time Charter. In return the
Partnership will remit to Golar any hire income received with respect to
theGolar Tundra
during this period. If for any reason the Golar Tundra Time Charter has not
commenced by the 12 month anniversary of the Closing the Partnership shall
have the right to require that Golar repurchase the shares of Tundra Corp at
a price equal to the Purchase Price.

The Partnership estimates that theGolar Tundra
acquisition will generate annual contracted revenues less operating expenses
of approximately $44 million to under the Golar Tundra Time Charter.

The Partnership's board of directors (the "Board") is pleased that the
Partnership has entered into this purchase agreement in connection with the
acquisition of its seventh FSRU. This acquisition also represents the
seventh vessel that Golar has offered to the Partnership as a result of its
requirement under the Omnibus Agreement to offer vessels that Golar has
contracted for a term of five years or more. The Board and the conflicts
committee of the Board (the "Conflicts Committee") have approved the Purchase
Price. The Conflicts Committee retained a financial advisor to assist with
its evaluation of the acquisition.

TheGolar Tundra
acquisition is expected to be an accretive transaction and is consistent with
the Partnership's growth strategy, as it increases the diversity of the
Partnership's fleet and contracted cash flow. The Partnership's management
does not intend to recommend to the Board an increase in the Partnership's
quarterly cash distribution as a result of this transaction.

TheGolar Tundra
acquisition will increase revenue backlog to a total of $2.62 billion as at
December 31, 2015. It will also significantly increase distributable cash
flow and strengthen distribution coverage as well as reduce exposure to the
vessels due for recontracting at the end of 2017.


This press release contains certain forward-looking statements concerning
future events and the Partnership's operations, performance and financial
condition. Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future results,
performance or achievements, and may contain the words "believe",
"anticipate", "expect", "estimate", "project", "will be", "will continue",
"will likely result", "plan", "intend" or words or phrases of similar
meanings. These statements involve known and unknown risks and are based upon
a number of assumptions and estimates that are inherently subject to
significant uncertainties and contingencies, many of which are beyond the
Partnership's control. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Important factors
that could cause actual results to differ materially include, but are not
limited to:

· the Partnership's ability to consummate theGolar Tundra
acquisition on a timely basis or at all, and to integrate and realize the
expected benefits from theGolar Tundra

· the annual contracted revenues, net of voyage expenses,
commissioning, operating expenses and taxes, relating to theGolar Tundra

· changes in the Partnership's distributions to unitholders;

· the Partnership's ability to implement its growth strategies and
other plans and objectives for future operations;

· the Partnership's future revenues, expenses, financial condition and
results of operations;

· the ability of the Partnership to refinance debt and the
Partnership's ability to incur additional debt and the terms thereof;

· covenants and financial ratios imposed by the Partnership's debt

· the Partnership's ability to make additional borrowings and to
access debt and equity markets;

· charter commencement and termination dates and extensions of
charters; and

· other factors listed from time to time in the reports and other
documents the Partnership files with the United States Securities and
Exchange Commission.

New factors emerge from time to time, and it is not possible for the
Partnership to predict all of these factors. Further, the Partnership cannot
assess the impact of each such factor on its business or the extent to which
any factor, or combination of factors, may cause actual results to be
materially different from those contained in any forward-looking statement.
The Partnership does not intend to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any change in
the Partnership's expectations with respect thereto or any change in events,
conditions or circumstances on which any such statement is based.

Hamilton, Bermuda

February 10, 2016

Investor relations enquiries:

Golar Management Limited - +44 207 063 7900

Graham Robjohns

Brian Tienzo
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG Partners L.P. via Globenewswire


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