Awilco LNG announces vessel refinancing
Published by Will Owen,
Awilco LNG ASA has announced that a term sheet for the refinancing of the company’s two 2013-built 156 000 m3 TFDE LNG carriers, WilForce and WilPride, 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 December 2019 at favourable terms.
The facility is expected to close in 4Q19 subject to final credit approval, documentation and customary closing conditions.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05082019/awilco-lng-announces-vessel-refinancing/
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