Golar LNG completes acquisition of Golar Grand

Source: Golar LNG Partners LP
golar grand

Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today, further to its announcement on November 1, 2012, that it has completed its acquisition of interests in the companies that own and operate the LNG Carrier Golar Grand from Golar LNG Limited ("Golar LNG") for a purchase price of $265 million.

In connection with this transaction the Partnership will assume a $90 million finance lease liability (net of restricted cash) in respect of the Golar Grand with the balance of the purchase price to be funded using the proceeds of its recent equity offering, which closed on November 7, 2012.

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