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SHORT-TERM AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of debt

Short and long-term debt for the company as of December 31, 2023 and 2022, is detailed in the table below:

(in thousands of $)						2023						2022
U.S. dollar denominated floating rate debt
$629 Million Facility						—						467,865
Flex Amber Sale and Leaseback						—						139,022
$320 Million Sale and Leaseback						287,275						305,974
$125 million term tranche under the $375 Million Facility						97,354						119,475
Flex Enterprise $150 Million Facility						137,718						147,542
Flex Resolute $150 Million Facility						142,106						150,000
$330 Million Sale and Leaseback						313,000						—
$140 million term tranche under the $290 Million Facility						129,104						—
Flex Rainbow $180 Million Sale and Leaseback						174,066						—
Total U.S. dollar floating rate debt						1,280,623						1,329,878
U.S. dollar denominated fixed rate debt
Flex Volunteer Sale and Leaseback						145,881						152,801
Total U.S. dollar denominated fixed rate debt						145,881						152,801
U.S. dollar denominated revolving credit facilities
$250 million revolving tranche under the $375 Million Facility						250,000						250,000
$150 million revolving tranche under the $290 Million Facility						150,000						—
Total U.S. dollar denominated revolving credit facilities						400,000						250,000
Total debt						1,826,504						1,732,679
Less
Current portion of debt						(106,135)						(99,706)
Long-term portion of debt issuance costs						(12,096)						(13,749)
Long-term debt						1,708,273						1,619,224

Schedule of capital commitments

Capital commitments relating to our long-term debt obligations as of December 31, 2023 are detailed in the table below:

(in thousands of $)
2024						106,135
2025						106,815
2026						107,545
2027						108,306
2028						448,534
Thereafter						949,169
Total						1,826,504

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- Definition

Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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