BW LPG successfully closes two key financing facilities
Summary
BW LPG closed two financing facilities worth USD 380 million and USD 215 million. The company will use the funds to finance its completed acquisition of vessels from Avance Gas, refinance existing debt, and support fleet renewal at BW LPG India. The new structure improves liquidity and lowers financing costs through stronger bank participation and better margins. BW LPG India will also use the facility to acquire two additional VLGCs as part of its expansion plan.
Funding
Amount
$380.0M
Total raised
Date
June 1, 2025
Announcement date
Investors
SEB, Avance Gas, Mizuho Bank, MUFG Bank
Lead investors
Company
bwlpg.com
Funded company
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