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Conyers advised Stonepeak Infrastructure Partners on its 50/50 joint venture with Golar LNG Limited (“Golar” or “the Company”) in Golar Power Ltd (“Golar Power”). Golar Power Ltd will offer integrated LNG based downstream solutions, through the ownership and operation of floating storage and regasification units (“FSRU”‘s) and associated terminal and power generation infrastructure.
Stonepeak acquired its 50% of Golar Power for $117 million in cash, with a subscription for $75 million in preference shares and a commitment to invest a further $75 million in additional equity.
Neil Henderson and Will Cooper of the Conyers Bermuda office worked on the matter alongside Simpson Thacher, NY.