Hunter Group ASA – Establishment of USD 15m Revolving Credit Facility with Apollo Asset Ltd.
Oslo, 1 October 2019 Hunter Tankers AS, a wholly owned subsidiary of Hunter Group ASA (the “Company”), has today entered into a USD 15.0 million revolving credit facility agreement (“RCF”) with Apollo Asset Ltd., a company owned by Hunter Group ASA's board member Mr. Arne Fredly. Subsequently, the company has cancelled the outstanding USD 3.0 million RCF. The new facility will carry a total interest rate of 5.00% p.a. all inclusive. The facility may be cancelled at any time, by either party, whereupon the outstanding amount will become due and payable. The facility will be used to