John Fredriksen’s Flex LNG has inked a sale-and-leaseback deal with Hyundai Glovis for a pair of modern vessels as part of a $550m financing package.
Flex LNG, which is eyeing a US listing, valued the 10-year transaction to refinance bank debt on the two ships at $420m.
Oystein Kalleklev, chief executive of Flex LNG, said the deal secured long-term financing at attractive terms and would boost the company’s cash position by more than $100m.
