US$107.2m Senior Term Loan Facility to finance the acquisition of a LNG carrier
26 June 2014
Clifford Capital provided a US$53.6m fixed rate senior secured term loan financing for the acquisition of a LNG carrier, BW Pavilion Everett LNG. The vessel has been successfully operating since 2003 under a long term charter with GDF Suez SA.The LNG vessel was the first acquisition for the newly created joint venture between Pavilion Energy and BW Gas.
Clifford Capital supported the development of Pavilion Energy, which aims to establish Singapore as a LNG trading hub though the provision of an attractiveand differentiated fixed rate term loan.