Capital/Financing Update • Aug 30, 2019
Capital/Financing Update
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Hunter Group ASA - Improved financing terms
Oslo, 30 August 2019
Hunter Tankers AS (the «Company»), a wholly owned subsidiary of Hunter Group
ASA, is pleased to announce that it has agreed to enter into a binding term
sheet for a 5-year sale-and-leaseback agreement with a large leasing company at
highly attractive terms.
The Board is of the opinion that the agreement is beneficial to all shareholders
as it retains maximum flexibility for the Company and eliminates the need for
any additional equity in order for the Company to take delivery of all vessels
in the newbuilding program. Consequently, the Company has cancelled the senior
secured term loan announced on May 22 2019.
Further details will be provided upon closing of the transaction.
Contact: Lars M. Brynildsrud, CFO, [email protected], Ph.: +47 932 60 882
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
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