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Working Capital Loan
Road Town, Tortola, 28 October 2014
FLEX LNG (Oslo Axess: FLNG) the Board
of Directors of FLEX LNG is pleased to announce that it has agreed terms with
Metrogas Holdings Inc. (an affiliate of Geveran Trading Co. Ltd) for a working
capital loan of $7m. The Company expects to draw the loan shortly, once all
documentation has been completed. The Company expects that the loan will
cover approximately 18 months of working capital, on current budgeted
expenditures. The agreement has been negotiated on an arm’s length basis and
is within the exemption under article 13.1 (b) of the Company’s Memorandum of
Association, for related party transactions.
About FLEX LNG Ltd.
FLEX LNG was incorporated in 2006 and is listed in Norway under the ticker code
FLNG. The Company is constructing two LNG carries with a capacity of
174,000m3 with Samsung Heavy Industries, for delivery in Q1 2017.
FLEX LNG Management - Press release
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