An update from Golar LNG ( (GLNG) ) is now available.
On March 20, 2025, Golar LNG Limited announced the signing of finance lease agreements with a consortium of leading Chinese leasing companies to refinance the existing FLNG Gimi debt facility. The sale and leaseback facility, valued at approximately $1.2 billion, is expected to close in Q2 2025 and will have a 12-year tenor with a 17-year amortization profile. Upon closing, Gimi MS Corporation is anticipated to generate net proceeds of approximately $530 million, with Golar benefiting from 70% of these proceeds.
More about Golar LNG
Golar LNG Limited operates in the liquefied natural gas (LNG) industry, focusing on the development and operation of floating LNG (FLNG) vessels. The company provides innovative solutions for the liquefaction, transportation, and regasification of LNG, catering to global energy markets.
YTD Price Performance: -11.39%
Average Trading Volume: 1,377,386
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.66B
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