In response to the allegation by journalist Ataharuddin Munne Bharti, Bihar Chief Minister Nitish Kumar, on the sidelines of his weekly Lok Samvad programme in Patna on Monday, said, “Such acts will not be tolerated at all in the State and we are keeping a close watch on this.” Mr. Bharti, a programme coordinator with NDTV India, had written in his blog, and tweeted tagging the Bihar CM and others, that he had been forced to chant ‘Jai Shri Ram’ by a group of men who had also threatened to set the vehicle occupied by his aged parents and wife on fire. The incident allegedly took place on a national highway in Muzaffarpur.
zoomIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license Crude oil tanker owner and operator DHT Holdings has entered into a USD 485 million secured credit facility agreement for the refinancing of 13 of the company’s VLCCs. The new credit facility, with a six-year tenor, will bear interest at a rate equal to Libor + 2.40 pct and will have a 20-year repayment profile.The credit facility was provided by ABN Amro, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank.The vessels concerned are Sundarbans, Taiga, Redwood, Hawk, China, Falcon, Condor, Leopard, Lion, Panther, Puma, Mustang and Bronco.In addition, DHT has entered into an agreement with ABN Amro to increase the company’s revolving credit facility to USD 57 million from the current USD 43.4 million. The revolving credit is currently undrawn.Commenting on the refinancing deal, the co-CEOs Svein Moxnes Harfjeld and Trygve P. Munthe said that the facility has supported the company’s focus on robust cash break even levels for the fleet.The facility extends the maturity for the refinanced facilities to the second quarter of 2024 and increases DHT Holdings’ liquidity position.