Hunter Tankers in revolving credit facility

Oct 04 2019


Hunter Tankers, a wholly owned subsidiary of Hunter Group , has agreed a $15 mill revolving credit facility (RCF) agreement with Apollo Asset.

Apollo Asset is owned by Hunter Group’s board member Arne Fredly. 

Subsequently, the company cancelled the outstanding $3 mill RCF. 

The new facility will carry a total interest rate of 5% per annum, all inclusive and it may be cancelled at any time, by either party, whereupon the outstanding amount will become due and payable.

It will be used to finance the group’s working capital requirements, as well as general corporate purposes, Hunter said.

 



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