Golar LNG Partners acquires Golar Tundra FSRU

Golar LNG Partners LP has announced that it has completed the acquisition of the Golar Tundra floating storage and regasification unit (FSRU) from Golar LNG Ltd. The acquisition cost a total of a US$330 million.

Before the partnership completed the acquisition of the vessel, it also completed and drew down upon a new, five year, US$800 million senior secured credit facility. This consists of both a US$650 million term loan facility, and a US$150 million revolving credit facility. Together, they refinanced the existing credit facilities that were secured by seven of the partnership’s existing fleet’s vessels, and also supplied a portion of the funding for the Golar Tundra acquisition.

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/24052016/golar-lng-partners-acquires-golar-tundra-fsru-2487/