Thursday, 19 September 2019 | 07:15
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Awilco LNG ASA – Refinancing

Monday, 05 August 2019 | 00:00

Awilco LNG ASA (the Company) is pleased to announce that a term sheet for the refinancing of the Company's two 2013-built 156,000 cbm TFDEs WilForce and WilPride (the Vessels) has been agreed and signed with a major leasing company based in Asia.

The refinancing is structured as a sale/leaseback similar to the current financing of the Vessels and enables a full take out of the sale/leaseback facilities maturing 31.12.2019 at favorable terms. The facility is expected to close in Q4 2019 subject to final credit approval, documentation and customary closing conditions.

Image: Awilco LNG ASA

Source: Awilco LNG ASA

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