FLNGo - FLEX LNG News Story

NOK99.2 1.4  1.4%

Last Trade - 07/05/21

Mid Cap
Market Cap £459.6m
Enterprise Value £1.37bn
Revenue £117.7m
Position in Universe 505th / 1838

BRIEF-FLEX LNG to extend the working capital loan

Tue 26th April, 2016 7:00am
April 26 (Reuters) - FLEX LNG Ltd  FLNG.OL : 
    * FLEX LNG is announces that it has agreed amended terms  
with Metrogas Holdings Inc. (an affiliate of Geveran  
Trading Co. Ltd) to extend the working capital loan  
entered into in 2014 
    * The facility has been increased from $7.0 million to $14.5 
million, funds can be drawn half yearly as needed, the repayment 
date has been moved to April 2018, and the rate of interest 
remains unchanged 
    * The Company expects the amended loan will cover the 
Group's working capital costs until delivery of the vessels 
under construction in 2018, on current budgeted expenditures 
Source text for Eikon:  ID:nObi7B19za  
Further company coverage:  FLNG.OL  
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;))
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