FLEX LNG Ltd - Private Placement - USD 300 million

Arctic acted as Joint Lead Manager in relation to the Private Placement in FLEX LNG Ltd. Through the Offering, FLEX LNG raised gross proceeds of USD 300 million, which will be used for the acquisition of three high-end MEGI LNG carries at DSME with scheduled delivery in 2020 and two high-end X-DF LNG carriers at HHI with scheduled delivery in 2021.

FLEX LNG is a high-growth Owner and Operator in LNG shipping with a fleet of next generation LNG carriers with large cargo capacity.

We thank FLEX LNG for the vote of confidence and congratulate on the transaction.

 

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