Golar LNG’s change to how it collects dividends from its master limited partnership spinoff, Golar LNG Partners, won plaudits from analysts who said it will help the parent firm with an upcoming refinancing while the partnership gets more ability to fund dropdown acquisitions.
The change is with regard to Golar LNG’s “incentive distribution rights,” or IDRs. Those IDRs set up a tiered system of increasing payouts to Golar from Golar LNG Partners as the size of the latter’s dividends increased.
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