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FLNGo - FLEX LNG News Story

NOK96.95 -6.1  -5.9%

Last Trade - 12/05/21

Sector
Energy
Size
Mid Cap
Market Cap £450.4m
Enterprise Value £1.36bn
Revenue £117.0m
Position in Universe 505th / 1830

BRIEF-Flex LNG Signs USD 550 Mln Of Financing For Four LNG Carriers

Mon 29th April, 2019 11:58am
April 29 (Reuters) - FLEX LNG Ltd  FLNG.OL :
    * FLEX LNG SIGNS $550M OF FINANCING FOR FOUR LNG CARRIERS
    * HAS ENTERED INTO A SALE-CHARTERBACK TRANSACTION WITH
HYUNDAI
GLOVIS CO. LTD. ("HYUNDAI GLOVIS") FOR VESSELS FLEX ENDEAVOUR
AND FLEX ENTERPRISE
    * UNDER AGREEMENT, FLEX LNG WILL SELL VESSELS FOR A GROSS
CONSIDERATION OF $420M
    * $250M BANK FACILITY AGREEMENT FOR FLEX CONSTELLATION AND
FLEX
COURAGEOUS, ANNOUNCED ON 28 FEBRUARY 2019, HAS NOW BEEN SIGNED
    * TRANSACTION WITH HYUNDAI GLOVIS REMAINS SUBJECT TO
CUSTOMARY
CLOSING CONDITIONS AND IS EXPECTED TO CLOSE IN Q3 OF 2019

Source text for Eikon:  ID:nObimtVwZa 
Further company coverage:  FLNG.OL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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