Flex LNG has signed a $175m sale and leaseback deal with an unnamed Asian-based lease provider for its LNG carrier Flex Resolute.

The 2020-built 173,400 cu m vessel will be sold and then chartered back on a bareboat basis for around 10 years, with an age-adjusted repayment profile of roughly 21 years. The deal, expected to close in September, includes a fixed repurchase option after seven years.

The transaction mirrors a similar agreement signed earlier this year for the 2019-built sister vessel Flex Courageous, which was also sold for $175m and leased back under comparable terms.

Both vessels have long-term time charters, which were amended in Q3 2025 to extend the firm period from Q1 2029 through Q1 2032. The deals also include options that could see the vessels employed through Q1 2039.

In addition to the Flex Resolute lease, the company has also secured a $180m bank loan for the 2019-built Flex Constellation. Combined, these moves are expected to generate around $132m in liquidity and help reduce overall financing costs, Flex LNG said.

The company, controlled by John Fredriksen, operates a fleet of 13 LNG carriers and has been steadily restructuring its balance sheet through refinancing and leaseback arrangements.

Separately, Flex is set to delist from the Oslo Stock Exchange on September 15, following regulatory approval. After that, its shares will trade exclusively on the New York Stock Exchange.