HYGO ENERGY TRANSITION LTD. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
August 31 2020 - 9:33AM
Golar LNG Limited (“Golar LNG”) announced today
that Hygo Energy Transition Ltd. (“Hygo”), formerly known as Golar
Power Limited, a joint venture between Golar LNG and investment
vehicles affiliated with Stonepeak Infrastructure Partners,
has filed a Registration Statement on Form F-1 with the U.S.
Securities and Exchange Commission (“SEC”) related to a proposed
initial public offering of Hygo’s common shares. Hygo intends
to apply to list the common shares on the Nasdaq Global Select
Market under the ticker symbol “HYGO.”
Hygo was formed to develop, own and operate
integrated LNG-based transportation, downstream solutions and
associated terminal and power generation infrastructure. Hygo
provides these integrated downstream LNG solutions to underserved
markets by delivering low cost, environmentally sound energy
alternatives to consumers around the world.
Morgan Stanley & Co. LLC and Goldman Sachs
& Co. LLC are acting as the lead bookrunning managers for the
proposed offering. Barclays Capital Inc., BTIG, LLC, Citigroup and
UBS Securities LLC are acting as bookrunners for the proposed
offering.
The offering will be made only by means of a
prospectus. A copy of the preliminary prospectus, when
available, may be obtained from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014 or by email at
prospectus@morganstanley.com; Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; or Barclays Capital Inc., Attention:
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, by telephone at (888) 603-5847, or by email at
Barclaysprospectus@broadridge.com. BTIG, LLC, 65 East 55th Street,
New York, NY 10022 or by email at equitycapitalmarkets@btig.com,
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at 800-831-9146 and UBS
Securities LLC, Attention: Prospectus Department, 1285 Avenue of
the Americas, New York, NY 10019, by telephone at 888-827-7275 or
by email at olprospectusrequest@ubs.com.
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.
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
registration or qualification under the securities laws of any such
state or jurisdiction.
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, BermudaAugust 31, 2020Enquiries:Golar Management
Limited: + 44 207 063 7900Eduardo MaranhaoStuart Buchanan
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