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Golar LNG Ltd. is refinancing its existing floating LNG (FLNG) vessel Gimi’s debt facility, the company said March 20.
Golar has agreed to a sale leaseback facility with a consortium of Chinese leasing companies for approximately $1.2 billion. The facility is expected to close in the second quarter of 2025.
The facility will have a tenor of 12 years and a 17-year amortization profile.
When the existing debt facility is repayed and closed, Gimi MS Corp. is expected to gain net proceeds of approximately US$530 million. Golar stands to benefit from 70% of the proceeds, approximately $371 million.
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