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GOGL: Purchase Option Declaration

1. GOGL declared purchase options for eight Capesize vessels valued at $112 million. 2. The acquisition is funded by a new $90 million revolving credit facility. 3. The purchase is linked to the 10-year anniversary of charter-in agreements. 4. Completion of the acquisition is anticipated during Q3 2025.

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Why Bullish?

Acquiring new vessels can enhance GOGL's fleet and future revenue potential, similar to past fleet expansions that improved market position.

How important is it?

This acquisition marks a significant strategic move for GOGL, showing proactive growth initiatives that could attract investors.

Why Long Term?

This acquisition could strengthen GOGL's competitive position, likely realizing benefits over an extended timeline, as seen in previous expansions.

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February 12, 2025 06:06 ET  | Source: Golden Ocean Group Limited Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company”) announces that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation Ltd. The total purchase price is $112 million 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 $90 million revolving credit facility subject to customary documentation and closing procedures, and cash on hand. It is expected that the acquisition will be completed during Q3 2025.  February 12, 2025Hamilton, Bermuda For more info please contact: Peder Simonsen, Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Telephone +47 23 11 40 00 Forward-looking statements: This release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

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