OSLO, NORWAY: Cool Company Ltd. introduced that the third of eight acquisitions of modern LNG tankers from Golar LNG Limited was accomplished on, 9 March, 2022.
The third completion covered all of the shares in Golar’s subsidiary, Golar Hull M2021 Corp., which is the proprietor of the LNG tanker “Golar Seal”.
The buy price was financed by a drawing under CoolCo’s senior secured financial institution facility, a money payment to Golar and the subscription by Golar of 1,562,500 new common shares of USD 1.00 par worth in CoolCo at a subscription price of USD 10.00. These shares were issued today.
Hence, there are now 32,197,500 shares in issue in CoolCo.
The transfers of title to the shares within the remaining 5 vessel subsidiaries of Golar which CoolCo has agreed to buy are scheduled to be accomplished within the short term.
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