Awilco LNG ASA (the Company) is pleased to announce that a term sheet for 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 inAsia . Subject to final credit and board approval, documentation, and customary closing conditions the Company will utilize its purchase options under the existing financing facility to repurchase the vessels fromCCB Financial Leasing . The new financing is at par value of the outstanding debt and structured as a sale/leaseback similar to the current financing of the Vessels at improved terms, reducing the Company's cost of finance. The transaction is expected to close in the first half of 2024. For further information please contact: Jon Skule Storheill Chief Executive Officer Mobile: +47 91 34 43 56 Per Heiberg Chief Financial Officer Mobile: +47 952 20 264
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