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Awilco LNG announces vessel refinancing

Published by , Editor
LNG Industry,

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.

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