Avance Gas clinches VLGC sale and leaseback deal

Norwegian LPG carrier operator Avance Gas has announced that it has received credit approval for the refinancing of its 2015-built VLGC in a $45m sale and leaseback transaction with a Chinese leasing house. The financing bears an implied 24-year age adjusted repayment profile and a credit margin of 3.1%. The transaction will generate net cash …

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