Golden Ocean declares purchase options for eight capesizes

John Fredriksen-backed Golden Ocean Group Limited (GOGL) has declared the purchase options for eight capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation Ltd.

The Bermuda company has declared purchase options at a total purchase price of $112m.

The Nasdaq-listed and Oslo Stock Exchange GOGL said that the total purchase price is $112m en-bloc, and the options have been declared in connection with the 10-year anniversary of the charter-in agreements.

The acquisition will be financed through a new $90m revolving credit facility subject to customary documentation and closing procedures, and cash on hand.

It is expected that the acquisition will be completed during the third quarter of 2025.

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