September 14, 2020
Hunter Group ASA - Market Update
14 September 2020
Hunter Tankers AS (the “Company”), a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that it has declared its call option for Hunter Laga, pursuant to the sale-and-leaseback agreement with SFL Corporation Ltd. The repurchase of Hunter Laga will be financed by the USD 157.5m loan facility announced on 18 June 2020, as well as available cash at hand, and is expected to close in approximately two months.
Hunter Disen has been fixed on a 5-7 month time charter (“TC”) at USD 38,000 per day. The TC will commence in early November, immediately following the end of the current TC. 70% of the Company’s fleet days in the second half of 2020 are now booked at an average dayrate of approx. USD 63,000
Erik A.S. Frydendal, CEO, email@example.com, Ph.: +47 957 72 947
Lars M. Brynildsrud, CFO, firstname.lastname@example.org, Ph.: +47 932 60 882
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.