HANSE OIL Group Executes Firm Finance Term Sheet for African Refiner Consortium

HANSE ENERGY announced it has executed a conceptual finance term sheet dated October 13, 2019 with an African consortium of four refineries in West Africa that contemplates a secured $6 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 2Q.2018 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.


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