Reference is made to the stock exchange announcement published by ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) on 6 June 2019 regarding terms for a financing facility. The Company announces that all remaining requirements, including final documentation, have been successfully completed. Drawdown on the facility was done on 28 June 2019.
ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces that it has agreed terms for a credit facility (the “Facility”), which provides financing of the forthcoming intermediate surveys for the Company’s fleet of three vessels. The intermediate surveys are all due to commence during the third quarter this year and are now fully financed. The Facility will replace the Company’s existing vessel loans. Further, the Facility allows for increased flexibility should the Company decide to expand its fleet.
ADS Crude Carriers Plc (“ADS Crude Carriers” or the “Company”) announces that Chairman of the Board, Bjørn Tore Larsen, will present later this evening at SMB 2019, arranged by Oslo Børs and Aksje Norge. A copy of the presentation is attached.