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10 months ago
BRIEF-Golar LNG announces exchange of incentive distribution rights
October 14, 2016 / 1:07 PM / 10 months ago

BRIEF-Golar LNG announces exchange of incentive distribution rights

Oct 14 (Reuters) - Golar Lng Partners Lp

* Announces exchange of incentive distribution rights

* Says agreement to exchange all of existing incentive distribution rights for issuance of a new class of incentive distribution rights

* Says in connection with transaction, minimum quarterly distribution will be $0.5775 per common unit

* Says partnership expects to enter into preliminary discussions with Golar regarding potential acquisition of interest in Golar Hilli

* Transaction was approved by board of directors of partnership

* Says in event partnership acquires an interest in Golar Hilli, it is expected to add significantly to partnership's revenue backlog

* Says if partnership buys interest in Golar Hilli, it is expected to reduce exposure to existing time charters that run off at 2017 end Source text for Eikon: Further company coverage:

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