Cool Company Ltd. (CLCO) Stock Price, News & Analysis

Written before these shares stopped trading.

Cool Company Ltd. ("CoolCo"), historically trading under the ticker CLCO on the New York Stock Exchange and Euronext Growth Oslo, is a pure play owner and operator of liquefied natural gas (LNG) carriers. According to its SEC filings and company disclosures, CoolCo focuses on LNG transportation through a fleet of 13 vessels and maintains a portfolio of short- and long-term charters with some of the world’s leading oil and gas, trading, and utility companies.

CoolCo is organized as a Bermuda exempted company limited by shares and has its principal executive offices in London, United Kingdom, as reflected in multiple Form 6-K filings. The company’s business centers on LNG shipping, with additional activity through an in-house LNG transportation and infrastructure management platform. Through this platform, CoolCo operates its own vessels and provides management services to third-party owners, as described in its interim financial reports and repeated in several press releases.

The company’s strategy, as outlined in its reports and news releases, combines organic fleet growth with ongoing assessment of opportunities for vessel acquisitions and potential consolidation in the fragmented LNG carrier market. Organic growth has included the delivery of newbuild LNG carriers, such as the GAIL Sagar, which was delivered from Hyundai Samho Heavy Industries and entered into a long-term charter. CoolCo’s disclosures emphasize that its charter portfolio blends shorter-duration and multi-year contracts, which can include fixed-rate and floating-rate employment for its vessels.

CoolCo benefits from an affiliation with Eastern Pacific Shipping Pte. Ltd., identified in filings as an affiliate of its largest shareholder and the manager of one of the world’s largest independent shipping fleets. Company materials state that this relationship supports CoolCo’s position with shipyards, financial institutions, and access to transaction opportunities, including potential deals in the LNG carrier space.

In its Management’s Discussion and Analysis and accompanying press releases, CoolCo highlights a focus on supporting global decarbonization and energy security. The company has described an LNGe upgrade program for certain vessels, which includes performance enhancements and aims to reduce emissions. These upgrades are referenced in business updates that discuss drydock projects and retrofits for specific ships in the fleet.

CoolCo’s public filings provide insight into its capital structure and financing approach. The company utilizes facilities such as a Senior Secured Reducing Revolving Credit Facility and an upsized term loan facility maturing in the second half of the decade, as well as sale and leaseback arrangements for particular vessels. It has also entered into interest rate swap agreements to hedge portions of its floating-rate debt. In addition, CoolCo implemented a share repurchase program, under which it repurchased a portion of its outstanding common shares before terminating the program in connection with a merger agreement.

From a corporate actions perspective, CoolCo entered into an Agreement and Plan of Merger with entities affiliated with EPS Ventures Ltd. In this transaction, a newly formed, wholly owned subsidiary of EPS merged with and into CoolCo, with CoolCo surviving the merger. SEC filings and stock exchange announcements state that EPS agreed to acquire all outstanding CoolCo shares not already held by EPS for a cash consideration of $9.65 per common share, subject to the terms and conditions of the merger agreement.

A special general meeting of shareholders was convened to vote on the merger, and Form 6-K filings report that the merger proposal was approved by the holders of CoolCo’s common shares. A subsequent Form 6-K dated January 9, 2026, and related press releases confirm that the merger was duly registered with the Bermuda Registrar of Companies and completed as a cash merger. Following completion, CoolCo became wholly owned by EPS and its subsidiaries.

CoolCo’s listing status changed as a result of this corporate transaction. A Form 25 filed with the SEC on January 9, 2026, by the New York Stock Exchange, provides notification of the removal of CoolCo’s common shares from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The company has also indicated its intention to file Form 15-F to terminate the registration of its common shares under Section 12(g) of the Exchange Act and to end its reporting obligations under Section 13 of the Exchange Act.

For investors researching the historical CLCO stock, these filings and press releases collectively show that CoolCo operated as a specialized LNG carrier company with a 13-vessel fleet, an in-house management platform, and a charter portfolio with major energy and utility counterparties, before being taken private through its merger with a subsidiary of EPS Ventures Ltd. and delisted from the New York Stock Exchange and Euronext Growth Oslo.