Flex LNG Extends Flex Courageous Charter by Two Years to 2027

TL;DR

**Flex LNG just locked in the Flex Courageous charter for two more years until 2027, boosting revenue stability!**

AI Summary

Flex LNG Ltd. announced on February 23, 2024, the extension of the time charter for its vessel, Flex Courageous, by two years. The charter, originally set to expire in 2025, will now continue until 2027. This extension was disclosed in a press release attached as Exhibit 1 to the company's 6-K filing on February 26, 2024.

Why It Matters

This extension provides Flex LNG with increased revenue visibility and stability for one of its key assets, ensuring continued utilization and cash flow for an additional two years.

Risk Assessment

Risk Level: low — The filing reports a positive business development (charter extension) which reduces future revenue uncertainty.

Key Players & Entities

• Flex LNG Ltd. (company) — registrant and issuer of press release
• Flex Courageous (company) — vessel whose time charter was extended
• February 23, 2024 (date) — date of press release announcing charter extension
• 2025 (date) — original expiration year of the time charter
• 2027 (date) — new expiration year of the time charter
• Øystein Kalleklev (person) — commentary excluded from incorporation by reference

FAQ

Filing Documents

• a6kcoverflexcourageoustime.htm (6-K) — 17KB
• ex-1flexlngtimecharterforf.htm (EX-1) — 6KB
• 0001772253-24-000004.txt ( ) — 24KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Matters discussed in this Report on Form 6-K may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words believe, expect, forecast, anticipate, estimate, intend, plan, possible, potential, pending, target, project, likely, may, will, would, should, could and similar expressions identify forward-looking statements. The forward-looking statements in this Report on Form 6-K are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. As such, these forward-looking statements are not guarantees of the Company's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. The Company undertakes no obligation, and specifically declines any obligation, except as requir

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FLEX LNG Ltd. (registrant) By s Oystein Kalleklev Name Oystein Kalleklev Title Chief Executive Officer of Flex LNG Management AS (Principal Executive Officer of FLEX LNG Ltd.) Date February 26, 2024

View Full Filing

View this 6-K filing on SEC EDGAR