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Flex LNG - Finalize $175 million lease financing for Flex Courageous
FLEXFlex(FLEX) Prnewswire·2025-06-02 13:16

HAMILTON, Bermuda, June 2, 2025 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce the signing and successful completion of the 175millionJOLCOleasefinancingforthevesselFlexCourageous.Therefinancinggeneratednetproceedsofapproximately175 million JOLCO lease financing for the vessel Flex Courageous. The refinancing generated net proceeds of approximately 42 million, extends debt maturity to 2035 and will significantly reduce the cost of debt by ~1.5% p.a.The refinancing of Flex Courageous follows the announcement of up to 10 years of additional backlog f ...