[ad_1]
Printed by Jessica Casey,
Deputy Editor
LNG Business,
Excelerate Power, Inc. has accomplished the acquisition of the FSRU Sequoia for a purchase order worth of US$265 million from Anemoesa Marine Inc., an organization included underneath the legal guidelines of the Republic of the Marshall Islands. In March 2023, the corporate closed on an amended and restated US$600 million senior secured credit score facility, consisting of a US$350 million revolving credit score facility and a US$250 million time period mortgage. Proceeds from the time period mortgage and money readily available had been used to buy the FSRU Sequoia.
“We’re proud so as to add the FSRU Sequoia to the Excelerate portfolio of absolutely owned property,” mentioned Steven Kobos, President and CEO of Excelerate. “Buying the Sequoia, at a worth effectively under present market worth, ensures the vessel will stay an integral a part of the Excelerate fleet for the long run. We sit up for persevering with to utilise the FSRU Sequoia to supply versatile entry to cleaner and extra dependable power to our valued markets.”
The FSRU Sequoia was delivered as a newbuild to Excelerate Power’s fleet in June 2020 underneath a five-year bareboat constitution.
The FSRU Sequoia has a storage capability of 173 400 m3 and might function as each an FSRU and a standard LNG provider. The FSRU Sequoia is at the moment offering regasification companies on the Bahia Regasification Terminal in Bahia, Brazil.
Learn the article on-line at: https://www.lngindustry.com/floating-lng/24042023/excelerate-energy-completes-purchase-of-fsru-sequoia/
[ad_2]
Source_link
