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Awilco refinances LNGCs

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Awilco LNG has agreed a term sheet for the refinancing of the two 2013-built 156,000 cu m TFDEs ‘WilForce’ and ‘WilPride’ 


It was signed with a major leasing company based in Asia.

The agreement is structured as a sale/leaseback similar to their current financing and enables a full take out of the sale/leaseback facilities maturing on 31st December this year on favourable terms.

The facility is expected to close in 4Q19, subject to final credit approval, documentation and customary closing conditions.