Golar LNG Secures $1.2 Billion Bank Facility for FLNG Gimi Refinancing

Golar LNG has successfully closed a $1.2bn debt facility for its FLNG Gimi, replacing an existing facility with a $627m outstanding balance. The new facility has a 7-year tenor, 16-year amortization profile, and a SOFR plus 2.50% interest rate. Golar's 70% share of the net liquidity released amounts to approximately $400m. The refinancing has improved terms compared to the initial financing facility.