Golar LNG $187 million sale and leaseback of Golar Crystal

16/3/2017
Asset finance, Private acquisition

$ 187 million

Announced

16/3/2017


Overview:

  • Golar LNG has undertaken the sale and leaseback of Golar Crystal with COSCO Shipping Development.
  • The deal relates to the 160,000 m3 LNG carrier the Golar Crystal.
  • Golar will purchase the vessel for an upfront fee of $72 million and charter it for 10 years.

Sam Duke - Editor

Jurisdictions:

Hong Kong SAR
United Kingdom

Deal types:

Asset finance
Private acquisition

Practice areas:

Banking
M&A

Governing law:

England and Wales

Industry sectors:

Oil and gas
Logistics


Firm:

Party: Golar (Acquirer)

Lawyer: Beatrice Russ