# EDGAR Filing Document

**Accession Number:** 0001770120
**File Stem:** 0001213900-25-103232
**Filing Date:** 2025-10
**Character Count:** 13981
**Document Hash:** 2dc693ed2e381d13a26d58121e9622aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-103232.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001213900-25-103232

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cool Co Ltd.
- **CENTRAL INDEX KEY:** 0001944057
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATER TRANSPORTATION [4400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94340
- **FILM NUMBER:** 251426575

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 CLARGES STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** LONDON
- **NON US STATE TERRITORY:** ENGLAND
- **PROVINCE COUNTRY:** X0
- **ZIP:** W1J 8AE
- **BUSINESS PHONE:** 441-295-2244

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 CLARGES STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** LONDON
- **NON US STATE TERRITORY:** ENGLAND
- **PROVINCE COUNTRY:** X0
- **ZIP:** W1J 8AE

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COOL Co LTD.
- **DATE OF NAME CHANGE:** 20240327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cool Co Ltd.
- **DATE OF NAME CHANGE:** 20220825
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JNE Partners LLP
- **CENTRAL INDEX KEY:** 0001770120

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 20 BALDERTON STREET
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** W1K 6TL
- **BUSINESS PHONE:** 44 20 7070 2550

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 20 BALDERTON STREET
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** W1K 6TL

## Exhibit 99.1

**Exhibit 99.1**

<u>AGREEMENT</u>

The undersigned agree that this Schedule 13G dated October 28, 2025 relating to the Common Stock, par value $1.00 per share of Cool Company Ltd., shall be filed on behalf of the undersigned.

---

| | |
|:---|:---|
| October 28, 2025 | October 28, 2025 |
| (Date) | (Date) |
| **JNE Partners LLP** | **JNE Partners LLP** |
| By: | /s/ Andrew Lobb |
| Name: | Andrew Lobb |
| Title: | Chief Operating Officer |
| **JNE Master Fund LP** | **JNE Master Fund LP** |
| By: | JNE Partners LLP |
| Its | &nbsp;&nbsp;&nbsp;&nbsp;Investment Manager |
| By: | /s/ Andrew Lobb |
| Name: | Andrew Lobb |
| Title: | Chief Operating Officer |
| **Jonathan Esfandi** | **Jonathan Esfandi** |
| /s/ Jonathan Esfandi | /s/ Jonathan Esfandi |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Cool Co Ltd.

**Title of Class of Securities:** Common Stock, par value $1.00 per share

**CUSIP Number:** G2415A113

**Date of Event Which Requires Filing of this Statement:** 10/21/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>JNE Partners LLP | Names of Reporting Persons<br>JNE Partners LLP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X0 | Citizenship or Place of Organization<br>X0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2708686.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2708686.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.12% | Percent of Class Represented by Amount in Row (9)<br>5.12% |
| 12. | Type of Reporting Person (See Instructions)<br>FI | Type of Reporting Person (See Instructions)<br>FI |

**Comment for Type of Reporting Person:** The percentage used herein and in the rest of this Schedule 13G is calculated based on 53,726,718 shares of common stock outstanding and 858,689 shares of common stock held by the Issuer as treasury shares as of September 25, 2025, as reported in Exhibit 99.1 of the Company's Form 6-K filed with the Securities and Exchange Commission on September 29, 2025.

---

| 1. | Names of Reporting Persons<br>JNE Master Fund LP | Names of Reporting Persons<br>JNE Master Fund LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2708686.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2708686.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.12% | Percent of Class Represented by Amount in Row (9)<br>5.12% |
| 12. | Type of Reporting Person (See Instructions)<br>FI | Type of Reporting Person (See Instructions)<br>FI |

**Comment for Type of Reporting Person:** The percentage used herein and in the rest of this Schedule 13G is calculated based on 53,726,718 shares of common stock outstanding and 858,689 shares of common stock held by the Issuer as treasury shares as of September 25, 2025, as reported in Exhibit 99.1 of the Company's Form 6-K filed with the Securities and Exchange Commission on September 29, 2025.

---

| 1. | Names of Reporting Persons<br>Jonathan Esfandi | Names of Reporting Persons<br>Jonathan Esfandi |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X0 | Citizenship or Place of Organization<br>X0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2708686.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2708686.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2708686.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.12% | Percent of Class Represented by Amount in Row (9)<br>5.12% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** The percentage used herein and in the rest of this Schedule 13G is calculated based on 53,726,718 shares of common stock outstanding and 858,689 shares of common stock held by the Issuer as treasury shares as of September 25, 2025, as reported in Exhibit 99.1 of the Company's Form 6-K filed with the Securities and Exchange Commission on September 29, 2025.

---

**Item 1(a). Name of Issuer:**
Cool Co Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
7 CLARGES STREET, 5TH FLOOR, LONDON, UNITED KINGDOM, W1J 8AE.

**Item 2(a). Name of Person Filing:**
JNE Partners LLP ("JNE Partners")
JNE Master Fund LP ("JNE Master Fund")
Jonathan Esfandi

**Item 2(b). Address of Principal Business Office:**
For each of JNE Partners and Jonathan Esfandi: 20 Balderton Street, London, W1K 6TL, United Kingdom
For JNE Master Fund: PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

**Item 2(c). Citizenship:**
JNE Partners: An England and Wales Limited Liability Partnership
JNE Master Fund: A limited partnership formed under the laws of the Cayman Islands
Jonathan Esfandi: United Kingdom

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $1.00 per share

**Item 2(e). CUSIP Number:**
G2415A113

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

2,708,686

**(b) Percent of class:**

5.12
The percentage used herein and in the rest of this Schedule 13G is calculated based on 53,726,718 shares of common stock outstanding and 858,689 shares of common stock held by the Issuer as treasury shares as of September 25, 2025, as reported in Exhibit 99.1 of the Company's Form 6-K filed with the Securities and Exchange Commission on September 29, 2025.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Not Applicable

**(ii) Shared power to vote or to direct the vote:**

JNE Partners LLP 2,708,686
JNE Master Fund LP 2,708,686
Jonathan Esfandi 2,708,686

**(iii) Sole power to dispose or to direct the disposition of:**

Not Applicable

**(iv) Shared power to dispose or to direct the disposition of:**

JNE Partners LLP 2,708,686
JNE Master Fund LP 2,708,686
Jonathan Esfandi 2,708,686

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**JNE Partners LLP**

**Date:** 10/28/2025

**By:** Andrew Lobb

**Name & Title:** COO

**JNE Master Fund LP**

**Date:** 10/28/2025

**By:** Andrew Lobb

**Name & Title:** COO JNE Partners LLP as investment manager

**Jonathan Esfandi**

**Date:** 10/28/2025

**By:** Jonathan Esfandi

**Name & Title:** N/A