25 July 2025
BW LPG India has secured a USD 215 million Term Loan Facility to refinance its existing debt and to support the acquisition of two modern VLGCs, BW Chinook and BW Pampero, from BW LPG as previously announced. This facility supports BW LPG India’s continuous fleet renewal plan amid the sustained growth of India’s LPG demand.
BW LPG India currently owns and operates India’s largest fleet of VLGCs. Following the acquisition of these two vessels, BW LPG India will own nine VLGCs.
The USD 215 million Term Loan was finalised with a significantly improved margin compared to the previous facility. It received strong backing from our five banking partners lending through their branches in Gujarat International Finance Tec-City (GIFT), India, enabling an overall financing costs reduction including benefit from withholding tax exemptions on interest payments.
We extend our sincere gratitude to our partner banks for their unwavering support to BW LPG India.
