Golar LNG Secures $1.2 Billion Bank Facility for FLNG Gimi Refinancing
Golar LNG Ltd. has secured a new $1.2 billion asset-backed debt facility with international banks to refinance the FLNG Gimi, replacing an existing $627 million facility. The new loan has a 7-year tenor, 16-year amortization, and interest at SOFR plus 2.50% per annum. Golar's 70% share of net liquidity released is approximately $400 million. CEO Karl Fredrik Staubo highlighted the strong market confidence in Golar’s FLNG assets.
Golar LNG Ltd. has announced the successful completion of a new $1.2 billion asset-backed debt facility agreement with a consortium of international banks, including ABN AMRO, Citibank, DNB, Goldman Sachs, and Standard Chartered Bank. The facility, which refinances the FLNG Gimi, replaces an existing bank facility with an outstanding amount of $627 million as of Q3 2025. The new loan carries a 7-year tenor, a 16-year amortization profile, and bears interest at SOFR plus a margin of 2.50% per annum. Golar’s 70% share of the net liquidity released from the refinancing is approximately $400 million, following repayment of the previous debt facility and unwinding of the existing interest-rate swap. CEO Karl Fredrik Staubo stated that the improved terms of the new facility demonstrate strong market confidence in Golar’s FLNG assets and their long-term contracts. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golar LNG Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001140870-en) on November 25, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
