Golar LNG Limited announced yesterday that it has completed its sale of interests in the companies that own and operate the floating storage and regasification unit (FSRU) Nusantara Regas Satu to Golar LNG Partners L.P. for a price of $385 million.
Golar LNG has agreed to provide Golar LNG Partners with $155 million in vendor financing with the balance of $230 million to be received in cash. It is anticipated that the Partnership will secure bank financing and use the proceeds from this to repay the Company’s vendor financing during the third quarter.
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