Working Capital LoanApril 26, 2016
Working Capital Loan Amendment
Road Town, Tortola, 26 April 2016. FLEX LNG (Oslo Axess: FLNG) the Board of Directors
of FLEX LNG is pleased to announce that it has agreed amended terms with Metrogas
Holdings Inc. (an affiliate of Geveran Trading Co. Ltd) to extend the working
capital loan entered into in 2014. The facility has been increased from $7.0m
to $14.5m, funds can be drawn half yearly as needed, the repayment date has been
moved to April 2018, and the rate of interest remains unchanged. The Company expects
the amended loan will cover the Group’s working capital costs until delivery of
the vessels under construction in 2018, on current budgeted expenditures.
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