Idan Ofer’s Cool Company has obtained commercial bank approval for a refinancing of its existing $570m bank facility.
The refinancing into a revolving credit facility will provide approximately $120m in additional borrowing capacity.
“CoolCo anticipates that current market conditions will provide growth opportunities, which it intends to seize from a position of strength,” Richard Tyrrell, chief executive of CoolCo, said in the third-quarter report.
