04:48 AM EDT, 07/17/2025 (MT Newswires) -- BW LPG ( BWLP ) said Thursday it closed two financing deals worth $595 million to support fleet renewal and reduce funding costs.

A $380 million term loan and revolving credit facility backed by seven banks will help fund its acquisition of Avance Gas vessels, the company said.

The company's Indian unit obtained a $215 million term loan to refinance debt and purchase two modern gas carriers, BW LPG ( BWLP ) said.