Hygo Energy Transition Ltd. Launches Initial Public Offering
September 17 2020 - 6:29AM
Golar LNG Limited ("Golar") announces today that
Hygo Energy Transition Ltd. (NASDAQ: HYGO) (“Hygo”), a joint
venture with Stonepeak Infrastructure Partners, has launched an
initial public offering of 23,100,000 common shares (“common
shares”) at an anticipated initial offering price between $18.00
and $21.00 per share pursuant to a registration statement on Form
F-1 previously filed with the Securities and Exchange Commission
(the “SEC”). In addition, Hygo intends to grant the underwriters a
30-day option to purchase up to an additional 3,465,000 common
shares. Hygo has applied to list the common shares on the Nasdaq
Global Select Marketplace under the ticker symbol “HYGO.”
Following the consummation of the initial public offering, Golar is
expected to own 50,000,000 common shares in Hygo.
Morgan Stanley & Co. LLC and Goldman Sachs
& Co. LLC are acting as joint book-running managers for the
offering. The offering of these securities will be made only by
means of a prospectus that meets the requirements of Section 10 of
the Securities Act of 1933. A copy of the preliminary prospectus
may be obtained from:
Morgan Stanley & Co. LLCAttention:
Prospectus Department180 Varick Street, Second FloorNew York, New
York 10014prospectus@morganstanley.com
Goldman Sachs & Co.Attention: Prospectus
Department200 West StreetNew York, NY 10282 Telephone: (866)
471-2526 prospectus-ny@ny.email.gs.com
About Hygo Energy Transition
Ltd.
Hygo provides integrated downstream LNG
solutions to underserved markets by delivering low cost,
environmentally sound energy alternatives to consumers around the
world. Hygo’s business includes (i) its network of existing and
development stage marine LNG import terminals, (ii) its ownership
of interests in existing and development stage large-scale power
plants backed by high quality offtakers, and (iii) the downstream
distribution of LNG from its terminals via marine and onshore
logistics to major demand centers.
Important Information
A registration statement relating to these
securities has been filed with the SEC but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. The registration statement may be obtained free of
charge at the SEC’s website at www.sec.gov under “Hygo Energy
Transition Ltd.” This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
Cautionary Statement Concerning
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Unless legally required, Golar LNG and Hygo
undertake no obligation to update publicly any forward-looking
statements whether as a result of new information, future events or
otherwise. As a result, you are cautioned not to rely on any
forward-looking statements. Actual results may differ materially
from those expressed or implied by such forward-looking statements.
Golar LNG and Hygo undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise unless required by law.
Hamilton, Bermuda
September 17, 2020
Enquiries:
Golar Management Limited: + 44 207 063 7900
Callum Mitchell-Thomson
Eduardo Maranhão
Stuart Buchanan
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Apr 2023 to Apr 2024