Awilco LNG ASA – WilForce and WilPride refinancing completed

13 Jun 2024 14:14 CEST

Awilco LNG ASA (Awilco LNG or the Company) is pleased to announce the successful
closing and completion of the up to 12-year sale/leaseback facility with CDB
Financial Leasing Co., Ltd. (CDBL) for the Company’s two 2013-built 156,000 cbm
TFDE LNG carriers WilForce and WilPride. As announced on December 4, 2023, and
further updated on May 10, 2024.

The vessels are financed with a gross consideration of USD 100 million each.
The vessels are chartered back on a bareboat basis to wholly owned subsidiaries
of the Company for a period of up to 12 years. The facility bears a longer
amortization profile and a longer tenor than the current facility and the
floating interest rate structure has a lower margin which together reduce the
Company's running cost and cash break-even level with approximately USD 10,000
per day per vessel.

The Company has rolling purchase options from the second anniversary and a
purchase obligation from the tenth anniversary until maturity.

For further information please contact:

Jon Skule Storheill
Chief Executive Officer
Mobile: +47 913 44 356

Per Heiberg
Chief Financial Officer
Mobile: +47 952 20 264

More information:
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