Partnership
Our role
Lead Coordinator, Mandated Lead Arranger
Year
2019
VALUE
US$700m
Project
Gimi Floating Liquefied Natural Gas (FLNG) vessel
OBJECTIVE
To finance the construction of a new floating liquefied natural gas vessel, to be deployed on the Greater Tortue Ahmeyim field offshore Mauritania and Senegal
Location
Senegal and Mauritania
SYNOPSIS
Clifford Capital acted as a Lead Coordinator and Bookrunning Mandated Lead arranger for US$700 million Senior Secured term-loan facility to finance the construction of the Gimi Floating Liquefied Natural Gas (FLNG) vessel which was converted at Keppel Shipyard.
The Gimi is jointly owned by Golar LNG and Keppel Capital. This is the first limited recourse project financing for a FNLG vessel in the commercial bank market, and it has been recognised by Project Finance International (PFI) as the Africa LNG Deal of 2019.
This was also the first deal underwritten by Clifford Capital.
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