LNG

Nov 15 (LNGJ) - Golar LNG, the Norwegian fleet owner and project developer now operating out of Hamilton, Bermuda, is increasing the size of a previously announced share offering by 800,000 shares to 6.5 million shares. Golar also priced the offering at $23.50 per share. As part of the offering, the underwriters are selling 212,765 of the common shares to a member of the Golar board at the public offering price. The company granted the underwriters a 30-day option to purchase up to an additional 975,000 shares. The proceeds are expected to be just over $150 million and will partly fund the settlement of outstanding convertible bond borrowings. The share offer, scheduled to close on November 18, has Citigroup as the sole book-running manager, with brokers Clarksons Platou Securities, Danske Markets and Evercore ISI acting as joint lead managers.