G C Rieber extends credit facility

Company News - November 29, 2011

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C Rieber Shipping has signed an agreement with Handelsbanken to extend a NKr 250 million credit facility from December 2011 until November 2013.

The credit facility has not yet been utilized and the company thus has NKe 250 million available.

"Combined with solid liquidity, low gearing and long contract coverage on several of the groups vessels, the credit facility gives GC Rieber Shipping strategic flexibility and competitive advantages in the years to come," said the company.

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