US-listed Golar LNG has placed a $300m bond in the Nordic market to refinance a convertible issue maturing in February.

The LNG carrier company said it will pay 7% interest per year until October 2025.

The conventional notes will help redeem the $402.5m 2022 bonds that have a coupon of 2.75%.

Cash will also be used for general corporate purposes.

DNB Markets and Pareto Securities acted as global coordinators and Danske Bank and Nordea Bank as joint lead managers.

Golar said earlier this month that it was meeting investors to gauge interest in the issue.

The company also announced new loans of up to $382m.

A three-year revolving credit facility of $200m has been secured against the company’s shareholding in New Fortress Energy at an interest rate of Libor plus 3%.

This replaces the existing $100m loan maturing in December at a coupon 1.5% higher.

FSRU financing deal

Golar has also arranged a five-year facility for its FSRU Golar Tundra of up to $182m at the same rate.

The previous financing on the unit was worth $104.4m at interest of Libor plus 3.85%.

Both of the bank facilities are with existing lenders, which were not named.

The company believes the LNG market is looking good, as demand increases and constraints to excessive newbuilding begin to be felt.

Chief executive Karl Fredrik Staubo told TradeWinds in September that LNG shipping has been "extremely tough" for the past decade.

"What we see right now is extremely interesting, with counter-seasonal patterns on top of cyclical strength, and that's what's changed for the first time in a long time," he said.