Hermitage Offshore Services agreed to a 10-day extension of its previously announced forbearance agreement to its $132.9 million term loan facility with DNB Bank and Skandinaviska Enskilda Banken. DNB Bank is serving as agent and security agent.
BNP Paribas, Handelsbanken and Nordea acted as coordinating mandated lead arrangers and bookrunners for a €750 million revolving credit facility for UPM.
Maersk secured a new sustainability-linked revolving credit facility of $5 billion through a syndicate of 26 selected banks.
Diversified Gas & Oil has increased its fully underwritten borrowing base to $950 million. KeyBank leads the syndicate of lenders, which expanded from 12 to 14 banks.
Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB.
GulfMark Offshore filed Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. GulfMark Rederi provided a $35 million DIP loan to the company with DNB as the issuing bank.
Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.
Hill-Rom Holdings entered into an amended credit agreement with JPMorgan Chase as administrative agent for a new $1.4625 billion term loan A facility and a $700 million senior secured revolving credit facility.
Safe Bulkers, an international provider of marine dry bulk transportation services, has accepted a signed offer letter from DNB Bank to amend its existing credit facility with an outstanding balance of $145.5 million.
Nordic America Tanker has extended and refinanced its current credit facility with a new facility which was increased from $430 million to $500 million.