Flex LNG lines up $145.5m leaseback

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Flex LNG signed a $145.5 million sale-and-leaseback deal for its 2018-built LNG carrier Flex Enterprise with an unnamed Asian leasing company. The transaction is part of a fleet refinancing program and is expected to release a further $34 million in cash.

John Fredriksen-controlled Flex LNG has signed a $145.5m sale-and-leaseback deal for one of its LNG carriers, extending a fleet refinancing programme expected to release another $34m in cash. The New York-listed owner disclosed the agreement with an unnamed Asian leasing company in its third-quarter update. The deal covers the 2018-built, 173,400 cu m Flex Enterprise, …