Cool Co Ltd Stock Price, News & Analysis

Welcome to our dedicated page for Cool Co news (Ticker: CLCO), a resource for investors and traders seeking the latest updates and insights on Cool Co stock.

Cool Company Ltd. ("CoolCo"), formerly listed under the symbol CLCO on the New York Stock Exchange and Euronext Growth Oslo, has generated a steady flow of corporate, financial, and transactional news. As a pure play LNG carrier company with a 13-vessel fleet and a portfolio of short- and long-term charters, its disclosures have covered operational performance, financing activities, and major strategic decisions.

News items for CLCO include quarterly and interim business updates that summarize operating revenues, net income, time charter equivalent earnings, and fleet utilization. These releases often discuss drydocks, LNGe upgrades for specific vessels, and the commencement of new fixed-rate and floating-rate charters, giving readers insight into how CoolCo manages employment for its LNG carriers and invests in performance enhancements.

CoolCo’s announcements also highlight financing and capital structure developments. Press releases and accompanying Form 6-K filings describe interest rate swap agreements used to hedge portions of its floating-rate debt, the use of revolving credit and term loan facilities, and sale and leaseback arrangements for vessels such as Kool Tiger and GAIL Sagar. In addition, the company reported on a share repurchase program, including the number of shares repurchased and the subsequent termination of the program following the signing of a merger agreement.

A significant portion of recent CLCO news relates to its merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd. Coverage includes the announcement of an agreement in principle, the execution of the Agreement and Plan of Merger, the establishment of record dates and meeting dates for a special general meeting of shareholders, and the final completion of the transaction. These items detail the $9.65 per share cash consideration, the role of an independent special committee, shareholder approval of the merger proposal, and CoolCo’s expectation of delisting and deregistration.

For investors and researchers, the CLCO news stream serves as a historical record of CoolCo’s operations as a public LNG carrier company, its fleet and charter developments, and the steps leading to its acquisition by EPS Ventures Ltd. and transition to private ownership.