Global legal practice Norton Rose Fulbright has advised CSSC (Hong Kong) Shipping Company Ltd on a US$1.2 billion conversion financing sale and leaseback facility for the FLNG (Floating Liquefied Natural Gas production) unit Golar Hilli which is now under conversion at Keppel Shipyard in Singapore.
The financing structure will fund up to 80 per cent of the project cost and will be split into pre and post-delivery financing phases.
This was a landmark transaction for all parties.
The Norton Rose Fulbright team who acted as the lead counsel was led by partner Gervais Green, Of Counsel Russel Low, senior associate Gregory Xu and associates Llian Williams and Cyril Chew.
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