Liquefied natural gas shipper Golar LNG (GLNG +4.6%) powered higher following earlier news that...

|About: Golar LNG Limited (GLNG)|By:, SA News Editor

Liquefied natural gas shipper Golar LNG (GLNG +4.6%) powered higher following earlier news that it secured $1.125B in financing for the first eight of 13 planned newbuild vessels and FSRUs. In anticipation of the financing, GLNG had entered into interest rate swaps to hedge much of the loan so that the all-in interest cost for the initial seven years of the facility will be ~3.74%.