Golar LNG Secures $1.2BN FLNG Gimi Refinancing Facility

Golar LNG has announced the successful completion of a substantial **$1.2BN bank facility for its FLNG Gimi** vessel. This significant refinancing deal, secured with a consortium of leading international banks, marks a pivotal moment for the floating liquefied natural gas (FLNG) leader, bolstering its financial strength and operational flexibility in the global energy market.

Optimized Financial Structure

The new **$1.2 billion debt facility** strategically replaces an existing $627 million facility. This updated financing offers a 7-year tenor and a 16-year amortization profile, with interest at SOFR plus 2.50% per annum. Golar highlighted improved terms compared to Gimi’s initial financing, reflecting the vessel’s established operational success.

Enhanced Liquidity for Growth

This successful refinancing significantly enhances Golar’s financial position. The company’s 70% share of the net liquidity released totals approximately **$400 million**, after debt repayment and interest-rate swap unwinding. Golar’s CEO, Karl Fredrik Staubo, noted strong bank interest, affirming the bankability of FLNG assets once operational on long-term contracts.

Strategic Outlook for FLNG

This robust **maritime finance** arrangement reaffirms the attractiveness of Golar’s assets within the **floating LNG sector**. Positive reception from major financial institutions validates the company’s strategy and the reliability of its **energy infrastructure** projects, solidifying Golar’s leadership in delivering crucial energy solutions globally.