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