Awilco LNG ASA – Refinancing

Oslo, Norway - 2 August 2019

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.

Awilco AS press release