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Hunter Group replaces bank loans with leasing deal with Fredriksen

A leasing arrangement with John Fredriksen's SFL makes Hunter Group cancel a major credit deal with a syndicate of leading shipping banks. The Norwegian shipowner is already in talks for financing of its remaining ships.

Photo: Edgar Su/Reuters/Ritzau Scanpix

A leasing arrangement for three newbuilds means that Norwegian shipowner Hunter Group is able to cancel a large bank loan.

The company, owned by Norwegian investor Arne Fredly, had originally made a credit deal for USD 420 million with a consortium of leading international shipping banks.

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