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Golar LNG Partners LP (“Golar Partners” or “the Partnership”) has, today, instructed Nordic Trustee to summon a bondholders’ meeting for 21 April 2020 for the Partnership’s Senior Unsecured Bond Issues maturing in May 2020 (GOLP02, ISIN NO 001 07 36481) and May 2021 (GOLP03, ISIN NO 001 0736481) (the “Bond Issues”). The purpose of the meeting is to consider a proposal for certain amendments to the terms of the Bond Issues, all of which are referred in the attached copy of the summons (the “Amendment Proposal”).
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Further to the press release on May 5, 2020, Golar LNG Partners LP announced today that the amendments to the Partnerships’ Senior Unsecured Bond Issues (GOLP02, ISIN NO 001 07 36481) and (GOLP03, ISIN NO 001 0736481) have now been made effective. Please find the notice of effective date attached. This press release contains certain forward-looking statements concerning future events and the Partnership’s operations, performance and financial condition.
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Golar LNG Partners LP (“the Partnership”) announced today that holders of the Partnership's Senior Unsecured Bond Issues maturing May 2020 (GOLP02, ISIN NO 001 07 36481) and May 2021 (GOLP03, ISIN NO 001 0736481) (the “Bond Issues”) have approved the Amendment Proposal as set out in the attachment to the press release dated April 17, 2020. The Amendment Proposal includes certain amendments to the terms of the Bond Issues including 18 month extensions to the original maturity dates for each of the Bond Issues. Please find the notice from the bondholders' meetings attached.
Golar LNG Partners L.P. (“Golar Partners”) announces today that it has appointed Mr. Karl Fredrik Staubo as its Interim Chief Executive Officer. This follows the announcement on October 1, 2019 that its current CEO, Graham Robjohns, was to step down on April 30, 2020. Mr. Staubo will formally take up the role with immediate effect with Mr. Robjohns having left Golar on April 30, 2020.
As announced on April 1, 2020, the Board of Golar LNG Partners LP (“the Partnership”) (GMLP) has approved a quarterly cash distribution with respect to the quarter ended March 31, 2020 of $0.0202 per common and general partner unit. This cash distribution will be paid on May 14, 2020 to all common and general partner unitholders of record as of the close of business on May 7, 2020. A cash distribution of $0.546875 per Series A preferred unit (GMLPP) for the period from February 15, 2020 through May 14, 2020 has also been declared.
Investors need to pay close attention to LNG Partners (GMLP) stock based on the movements in the options market lately.
Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call dial-in information below. - followed by replay access number 5089725.
Golar LNG Partners LP announces that it has filed its Form 20-F for the year ended December 31, 2019 with the Securities and Exchange Commission in the U.S. Form 20-F can be.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on April 9, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on April 13, 2020:
Exclusive of its interest in FLNG Hilli Episeyo, Golar LNG Partners LP (“Golar Partners” or “the Partnership”) generated operating income of $36.3 million for the fourth quarter of 2019. After accounting for $10.1 million of interest rate swap gains, the Partnership reported net income attributable to unit holders of $30.4 million for the fourth quarter.
Golar LNG Partners LP (“Golar Partners” or “the Partnership”) has, today, instructed the Nordic Trustee to cancel the bondholders’ meeting scheduled for 21 April, 2020 for the Partnerships Senior Unsecured Bond Issues maturing May 2020 (GOLP02, ISIN NO 001 07 36481) and May 2021 (GOLP03, ISIN NO 001 0736481) (the “Bond Issues”). Simultaneously the Nordic Trustee has been instructed by the Partnership to summon a new bondholders’ meeting for the above Bond Issues for 5 May 2020. The purpose of the meeting is to consider a revised proposal for certain amendments to the terms of the Bond Issues, all of which are referred in the attached copy of the new summons (the “Amendment Proposal”).
Golar LNG Partners LP (“Golar Partners” or “the Partnership”) announced today an update regarding its financial strategy and ongoing initiatives in response to the recent Covid-19 induced deterioration in the macro-economic environment. This includes a decision to reduce its quarterly common unit distribution and the initiation of a process to seek an extension of the maturity date for its Senior Unsecured Bond Issues maturing in May 2020 (GOLP02, ISIN NO 001 07 36481) (the “GOLP02 Bonds”) and May 2021 (GOLP03, ISIN NO 001 0736481) (the “GOLP03 Bonds”) (together, the “Bond Issues”). Golar Partners believes this reduction is in the best interest of all of its stakeholders during this unprecedented time of market volatility.
Golar LNG Partners LP 4th Quarter 2019 results will be released before the NASDAQ opens on Tuesday February 25, 2020. Go to the Investors, Results Centre section at www.golarlngpartners.com and click on the link to "Webcast". The participants will be asked for their name and conference ID.
Q4 2019 Golar LNG Partners LP Earnings Call
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Let's see if Golar LNG Partners (GMLP) stock is a good choice for value-oriented investors right now from multiple angles.
Golar LNG Partners (GMLP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.