John Fredriksen-backed Flex LNG has sealed a huge new vessel financing deal as it announced its first dividends.
The Oslo-listed LNG carrier owner said it had received firm commitments from a syndicate of 11 banks and the Export-Import Bank of Korea (Kexim) for a $629m facility to fund five newbuildings scheduled for delivery in 2020.
The interest equates to about 4%, with Kexim providing $329m for up to 12 years.
