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GMLPP - Golar LNG Partners: The Future Hinges On Debt Refinancing
Golar LNG Partners LP 8.75% Series A Cumulative Redeemable Preferred Units
Introduction
Whilst few risk-free investments are generally restricted to highly rated government bonds, many dividends and distributions are still adequately safe to be counted upon at least in the short to medium term. Sadly, this was not the case for Golar LNG Partners (GMLP), which narrowly avoided bankruptcy earlier in 2020 and thus almost completely eliminated its distributions with a 95% reduction. This has brought GMLP's distribution yield down to only a low 3%, and looking ahead, it is still not out of the woods yet, since the company's future hinges on its