Tag: Ellis

first_imgzoom Golar LNG Limited (Golar) has received an underwritten financing commitment for the December 2015 delivery of newbuild floating storage and regasification unit (FSRU) Golar Tundra.As informed, based on the current cost of the Tundra, the facility of up to $216 million, to be provided by China Merchants Bank Leasing, has a 16 year amortisation profile, will fund the FSRU on a charter free basis, and, at current 10 year interest rate swap levels, will have an all-in cost of less than 6%.Subject to an acceptable charter, Golar expects the facility amount and profile to increase. Golar said that the facility also provides for the Tundra’s eventual sale to Golar LNG Partners L.P.On the current charter free basis the facility will finance a minimum of $50 million more than the final delivery payment to the ship yard thereby releasing this additional cash to Golar.In addition, as part of this financing commitment China Merchants Bank Leasing will also provide a parallel facility to refinance the Golar Partners owned FSRU, Golar Eskimo.Upon drawdown, this new facility will refinance the vessels existing $156 million debt and provide approximately $100 million of additional finance that is expected to be used to repay the remaining $100 million balance of the Golar Eskimo vendor financing facility provided by Golar.As a result, Golar said that this joint financing for Tundra and Eskimo will provide around $150 million in cash that can be used to augment Golar’s existing liquidity position.last_img read more

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The blasts, outside two mosques following Friday prayers, killed at least 42 people and wounded more than 400.“The Secretary-General calls on all Lebanese to exercise restraint, to remain united, and to support their State institutions, particularly the security forces, in maintaining calm and order in Tripoli and throughout the country, and in preventing the recurrence of such destructive actions,” Mr. Ban said in a statement attributable to his spokesperson. Calling the attacks “cowardly”, Mr. Ban reiterated the determination of the international community to support Lebanon’s security and stability.The UN chief, and the Security Council in a separate statement, extended their condolences to the families of those killed and the Government of Lebanon, and wished well those injured. The 15-member Council also appealed to all Lebanese people to “preserve national unity in the face of attempts to undermine the country’s stability”.The Council stressed the importance for all Lebanese parties to respect Lebanon’s policy of disassociation and to refrain from any involvement in the Syrian crisis, consistent with their commitment in the Baabda Declaration. Issued during a National Dialogue meeting in June 2012, the Baabda Declaration calls for keeping Lebanon in the face of regional tensions and crises. The Declaration is named after the Baabda Presidential Palace, where the meeting was held.In its statement, the Security Council condemned the attacks as acts of terrorism, and reiterated the need to combat such acts in accordance with the Charter of the United Nations and all obligations under international law. read more

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