Golar LNG Limited (the “Company”) is pleased to announce the completion of the refinancing of Golar Freeze with a syndicate of banks for an amount of USD125 million.
DnB Nor Bank, CitiGroup and DVB Bank acted as Lead Arrangers with Eksportfinans ASA also as a lender with guarantee from GEIK. DnB Nor Bank acted as Facility Agent.
In connection with this refinancing, the Company has also exercised its option to reacquire the Golar Freeze from Golar LNG Energy Limited.
Golar Freeze completed its conversion at Keppel Shipyard in April 2010 and was delivered to Dubai Supply Authority under a 10 year time charter in May 2010.
The final part of the project prior to the commencement of operations is the commissioning and testing of the vessel and this is expected to take place later this year.
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Source: golarlng, June 21, 2010;