Eric Bauzell's questions to Golar LNG Ltd (GLNG) leadership • Q1 2025
Question
Eric Bauzell from Fearnley Securities inquired about the company's capital structure plans, asking if a credit rating and benchmark bond issuance are imminent and if the target five-times leverage could be applied at the corporate level.
Answer
CFO Eduardo Maranhão confirmed that the rating agency process is complete but confidential, and the company is evaluating financing at both the corporate and asset levels. He described a five-times net debt to EBITDA ratio as a 'conservative assumption' for what can be achieved, referencing the recent Gimi financing at just under six times.