NEWS

Ship's Bow

WFW advises Golar LNG Partners LP on a US$275 million term loan and revolving credit facility

30 June 2013

Watson, Farley & Williams (“WFW”) is pleased to announce that it has advised Golar LNG Partners LP (“Golar MLP”) in relation to a US$275 million term loan and revolving credit facility for the refinancing of m.v.s “Golar Grand” and “Golar Winter” and for general corporate purposes.

The facility was provided by a syndicate of lenders including Commonwealth Bank of Australia, DNB, Nordea, Oversea-Chinese Banking Corporation Limited and SEB with DNB acting as global coordinator and hedging coordinator.

Golar MLP is a publicly traded limited partnership formed in 2007 as a wholly owned subsidiary of Golar LNG Limited, which is a leading independent owner and operator of LNG carriers and Floating Storage and Regasification Units (“FSRUs”). Golar LNG Limited currently holds a 48.9% interest in Golar MLP.

The WFW team advising on the financing, which completed in June 2013, was led by senior consultant David Warder, supported by asset finance associates Kate Silverstein and Andrew Harper and trainee solicitor Jessica Greenwood.

David Warder commented: “We are very pleased to have assisted Golar MLP on this new facility and certain associated transactions which will refinance two vessels and support the continued growth of Golar MLP.”

In December 2012 WFW Asia Practice advised Golar on a US$175 million facility for the financing of Indonesia’s first FSRU.

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