Golar LNG (GLNG) said Thursday that it signed finance lease agreements with a consortium of Chinese leasing companies for a $1.2 billion sale leaseback facility.
The facility will support the refinancing of the existing FLNG Gimi debt facility and is expected to close within Q2, according to Golar.
The company said the facility will have a tenor of 12 years and a 17-year amortization profile.
Gimi MS will generate about $530 million in net proceeds after repayment of the existing debt facility and Golar will benefit from about $370 million.
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