GreenHunter Resources Inc. - 2015-04-15
Description
Entered into agreement for senior secured term loan. Loan is payable over 36 months with interest in only the first 6 months. No equity or warrant is associated with it. Loan has a $13 million tranche and a $3 million tranche. Proceeds will support development of two new barge terminals at the existing New Matamoras and Mills Hunter facilities, four new saltwater disposal wells at Mills Hunter and new state-of-the-art 407 trucks. They will also support general corporate purposes. Northland Capital Markets is GreenHunter’s financial adviser.