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Hunter Group ASA – Sale and Leaseback Transaction

Oslo, 6 September 2019

Hunter Tankers AS (the «Company»), a wholly owned subsidiary of Hunter Group ASA, has entered into a USD 180 million sale-and-leaseback transaction with Ship Finance International Limited (“SFL”), for an initial three VLCCs at highly attractive terms.

The Company will receive net proceeds of USD 60 million per vessel for the sales of Hunter Atla (5455), Hunter Saga (5456) and Hunter Laga (5460), and will subsequently bareboat charter the vessels back for 5 years. The Company will have purchase options for all three vessels, ensuring maximum flexibility in

Source: Hunter Group ASA – Sale and Leaseback Transaction

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