Flex LNG has amended the terms of a loan that will provide the company with much needed liquidity ahead of its first newbuilding delivery.
The company’s working capital facility provided by Metrogas Holdings has been increased from $7m to $14.5m.
And the repayment date has been moved to April 2018 while the interest rate of the loan remains unchanged.
John Fredriksen-contolled Flex LNG said funds can be drawn half yearly as needed.
The
