BW Energy, a key player in the energy sector, has executed a substantial sale and leaseback agreement for their MaBoMo production facility with Minsheng Financial Leasing Co (MSFL) entity. The transaction amounts to $150 million of gross sales proceeds, with a ten-year lease term back to BW Energy. Importantly, the deal includes an arrangement allowing BW Energy an option to repurchase the unit starting from the seventh year. Consequently, the transaction results in a considerable liquidity boost of $110 million net for BW Energy, which is earmarked for furthering BW Energy’s ambitious growth plans, such as continued development projects in Gabon. Knut R. Sthre, BW Energy’s CFO, has expressed satisfaction with the deal, highlighting it as a source of favorable capital that aligns with BW Energy’s long-term value-creation strategy.

Energy, Financial Services, Private Equity,Gabon, China