Golar LNG Ltd | 8.75% Series A Cumulative Redeemable Preferred Units (GMLPP)
Prospectus excerpt: Distributions on the Series A Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of February, May, August and November of each year, when, as and if declared by our board of directors. The initial distribution on the Series A Preferred Units offered hereby will be payable on February 15, 2018 in an amount equal to $0.63802 per unit. Distributions will be payable out of amounts legally available therefor at an initial rate equal to 8.75% per annum of the stated liquidation preference.
Golar LNG is a holding company. Through its subsidiaries, Co. designs, builds, owns and operates marine infrastructure for the liquefaction and regasification of liquefied natural gas (LNG). In Shipping segment, Co. operates and subsequently charters out LNG carriers on fixed terms to customers. Co. owns an LNG carrier and a Floating Storage Regasification Unit, the Golar Tundra. In Floating Liquefaction Natural Gas (FLNG) segment, Co. converts LNG carriers into FLNG vessels and subsequently charters them out to customers. Co. has an operational FLNG, the Hilli, an undergoing conversion, the Gimi, and an LNG carrier earmarked for FLNG conversion, the Gandria.
Golar LNG Ltd | 8.75% Series A Cumulative Redeemable Preferred Units (GMLPP) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com