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Golar LNG Partners fixes financing for FSRU acquisition

Golar LNG Partners LP has announced that it has completed the acquisition of the ownership interests of FSRU Golar Tundra from Golar LNG. The total consideration for the acquisition was $330m.

The partnership also completed and drew down upon a new, 5 year, $800m senior secured credit facility before the acquisition. The new credit facility consists of a $650m term loan facility and a $150m revolving credit facility which together refinanced the existing credit facilities that were secured by seven vessels in the partnership’s existing fleet and also provided part of the funding for the acquisition of the Golar Tundra.

The Golar Tundra was delivered from Samsung Heavy Industries in November 2015 and is due to commence a five-year timecharter to West Africa Gas Limited (WAGL) in the second quarter this year. WAGL is developing an LNG import facility at the Port of Tema, Ghana, where the FSRU will be moored.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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