Business Context and Reporting Period
This Form 6-K filing by Nordic American Tankers Ltd covers the month of November 2018. The registrant is a foreign private issuer incorporated in Bermuda, with its principal executive office located in Hamilton. The filing serves to disclose specific corporate actions regarding its credit facilities rather than providing comprehensive financial results for the period.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, or liquidity for the reporting period. The only financial figure disclosed relates to the company's debt structure:
- Credit Facility: A $500,000,000 Facility Agreement.
- Facility History: Originally dated October 26, 2012, and amended/restated on December 16, 2015.
Material Changes
The primary material event disclosed is the receipt of a waiver and consent letter dated May 4, 2018, involving the Company and certain financial institutions regarding the aforementioned Credit Facility. This document is attached as Exhibit 2 to the report. No other material changes to operations or financial status are detailed in the text.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the credit facility amendment. The report is incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-228603).
Investor Verification Checklist
- Verify the specific terms of the waiver and consent letter dated May 4, 2018, attached as Exhibit 2.
- Review the full text of the $500,000,000 Facility Agreement (Exhibit 1) to understand current covenants and obligations.
- Consult the Company's Form F-3 (File No. 333-228603) for broader context on the registration statement referenced in this filing.
- Note that this filing does not contain audited or unaudited financial statements for November 2018.