Golar LNG Secures $600M Revolving Credit Facility

Golar LNG has finalized a new $600 million senior secured revolving credit facility. The move is intended to enhance the company's balance sheet flexibility and support its future growth in floating liquefied natural gas (FLNG). This financing is backed by Golar’s investment in an MKII FLNG vessel. The agreement reflects confidence from lenders in Golar LNG’s strategic direction, particularly as it continues expanding within the energy sector. The facility provides financial stability to fund ongoing operations and potential new projects related to liquefied natural gas infrastructure.

By Pratyush Thakur, SA News Editor · Seeking Alpha ·

Golar LNG Secures $600M Revolving Credit Facility

Tickers: $GLNG

Topics: balance sheet management debt financing FLNG growth

Read the full article at Seeking Alpha

More World news