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 in Asia. 

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 from CCB 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

Click here for more information

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