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 withCDB Financial Leasing Co., Ltd. (CDBL) for the Company's two 2013-built 156,000 cbm TFDE LNG carriers WilForce and WilPride. As announced onDecember 4, 2023 , and further updated onMay 10, 2024 . The vessels are financed with a gross consideration ofUSD 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 approximatelyUSD 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
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