02:00 PM EDT, 06/02/2025 (MT Newswires) -- Flex LNG ( FLNG ) completed the $175 million JOLCO lease financing for the Flex Courageous vessel.

The financing generated $42 million in net proceeds, extended the debt maturity to 2035 and reduced the cost of debt by 1.5% per annum, the company said Monday in a statement.

The refinancing of Flex Resolute and Flex Constellation remains on track for completion in H2, which is expected to generate $120 million in net proceeds, the company said.

Flex LNG ( FLNG ) shares rose 1.7% in recent trading Monday.

Price: 24.31, Change: +0.40, Percent Change: +1.69