Flex LNG Secures 15-Year Charter for Flex Constellation

TL;DR

Flex LNG just locked in a 15-year charter for Flex Constellation starting 2026 - big revenue visibility!

AI Summary

Flex LNG Ltd. announced on November 29, 2024, that it has secured a new 15-year time charter agreement for its vessel, Flex Constellation. This charter is set to commence in either the first or second quarter of 2026.

Why It Matters

This long-term charter agreement provides significant revenue visibility and stability for Flex LNG, reducing near-term market uncertainty for the Flex Constellation vessel.

Risk Assessment

Risk Level: low — The filing details a long-term contract, which generally indicates stable future revenue and reduces operational risk.

Key Numbers

• 15 years — Time Charter Duration (Secures long-term revenue for Flex Constellation)

Key Players & Entities

• Flex LNG Ltd. (company) — Registrant
• Flex Constellation (company) — Vessel
• November 29, 2024 (date) — Announcement Date
• 15 years (duration) — Charter Period
• first or second quarter of 2026 (date) — Charter Commencement

FAQ

Filing Documents

• a6kcoverflexconstellationt.htm (6-K) — 18KB
• ex-991flexlngnewtimecharte.htm (EX-99.1) — 6KB
• ex-99a012flexlngcontract.htm (EX-99.2) — 2KB
• ex-99a012flexlngcontract001.jpg (GRAPHIC) — 118KB
• 0001772253-24-000025.txt ( ) — 189KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Matters discussed in this press release 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 press release 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 required by appl

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 November 29, 2024

View Full Filing

View this 6-K filing on SEC EDGAR