HANSE OIL Group Executes Finance Term Sheet for African Refiner Consortium
HANSE ENERGY announced it has executed a conceptual finance term sheet dated February 13, 2014 with a African consortium of four refineries in West Africa that contemplates a secured $7 million revolving credit facility.
The facility is being granted to finance development and implementation of green energy and gas projects. HANSE ENERGY also announced the extension of its current loan facility running since
The loan facility, currently drawn to $2,6 million from HANSE, was scheduled to have matured on October 31, 2019. Key provisions of the amendments include, but are not limited, to an extension of the maturity date from October 31, 2019 to April 30, 2021.