The sale/leaseback facility is provided by CCB Financial Leasing Co. Ltd. (CCBFL), a wholly owned subsidiary of China Construction Bank (CCB), and is expected to enable a full take out of the company’s current sale/leaseback facilities at favourable terms. The facility bears a 14-year straight line amortisation profile, a tenor of 10 years and carries a floating interest rate structure.
The facility is expected to close in 4Q19 subject to final documentation and customary closing conditions.
Jon Skule Storheill, CEO of Awilco LNG ASA, stated: “We are pleased to mark the start of our longterm relationship with CCBFL, a leading leasing house in China and part of one of the largest banks in the world, and believe the terms are attractive and supportive of the company’s commercial strategy.”
