Flex LNG finalize $430 million in new financings
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Oct. 3, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" and/or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce today that the aggregate $430 million of new financings announced in the Q2-2024 report have been completed according to plan with net proceeds of about $97 million.On September 24, 2024, the new $270 million bank facility financing Flex Aurora and Flex Ranger was completed, and the previous $375 million bank facility was repaid in full. Consequently, the Flex Endeavour was unencumbered at end of Q3-2024. On October 3, 2024, the Company successfully closed the new $160 million JOLCO lease for Flex Endeavour at very attractive terms.As announced in the Q2-2024 earnings presentation, Flex LNG had a cash balance of $370 million on June 30, 2024, thus with the completion of these refinancings, the Company will add to an already substantial cash balance.Knut Traaholt, CFO of Flex LNG Management AS, commented:"We are pleased to have completed anothe
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FLNG
News
- Flex LNG - Company presentation October 2024 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Company presentation October 2024PR Newswire
- FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged [Seeking Alpha]Seeking Alpha
- FLEX LNG: 12% Yield, Tailwinds [Seeking Alpha]Seeking Alpha
- Flex LNG finalizes $430M in financing [Seeking Alpha]Seeking Alpha
FLNG
Earnings
- 8/14/24 - Beat
FLNG
Sec Filings
- 10/2/24 - Form F-3ASR
- 9/23/24 - Form 6-K
- 8/15/24 - Form 6-K
- FLNG's page on the SEC website