BW LPG Closes Financing Deals Worth $595 Million to Fund Fleet Renewal

MT Newswires Live

07/17

BW LPG (BWLP) said Thursday it closed two financing deals worth $595 million to support fleet renewal and reduce funding costs.

A $380 million term loan and revolving credit facility backed by seven banks will help fund its acquisition of Avance Gas vessels, the company said.

The company's Indian unit obtained a $215 million term loan to refinance debt and purchase two modern gas carriers, BW LPG said.

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