Hunter Group ASA - Refinancing update
Oslo, 18 June 2020 Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group ASA, is pleased to announced that it has received binding commitments for a USD 157.5m loan facility (the “Facility”) from a syndicate of banks consisting of Danske Bank, DNB, Nordea and SEB. The Facility will have a repayment profile of 16 years and will carry an initial interest rate of Libor + 295bps for the first twelve months, following which the interest rate margin will be subject to a market adjustment mechanism. The proceeds from the Facility, along with available cash at hand,