Golar LNG has entered into finance lease agreements with a consortium of leading Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility. The sale leaseback facility will be approximately $1.2 billion (€1.1 billion). The transaction is subject to closing conditions including documentation and third-party approvals. The facility is expected to close within Q2 2025.
The contemplated sale and leaseback facility will have a tenor of 12 years and a 17-year amortisation profile, with quarterly repayment instalments throughout the lease period. Upon closing and repayment of the existing debt facility, Gimi MS is expected to generate net proceeds of approximately $530 million (€491 million). This amount includes the release of existing interest rate swaps. Golar will benefit from 70% of these proceeds, equivalent to approximately $371 million (€344 million).
