Exmar Files for IPO

EXMAR NV has filed for a registration statement with the United States Securities and Exchange Commission (SEC) to raise up to USD 125 million in an initial public offering of shares in the master limited partnership (MLP).


The number of common units to be offered and the price range for the offering that will be traded under the ticker ”XMLP” have not yet been determined.

Upon completion of the offering, the MLP is expected to own a 50% equity interest in joint ventures that own and operate four LNG regasification vessels (LNGRV) and one LNG carrier. All five vessels are under charter with Excelerate Energy and charter expiration dates range from 2022 to 2034.

Completion of the initial public offering is subject to completion of the SEC review process.

J.P. Morgan, BofA Merrill Lynch and Citigroup are acting as joint book-running managers for the proposed offering.

Press Release; September 25, 2014; Image: Excelerate Energy



Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >