KeyBank Expands Diversified Gas Borrowing Base to $950MM

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.

Credit Agricole, Others Finance $208.4MM Facility for Eagle Bulk

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.

DNB Provides $35MM Intercompany DIP to Gulfmark Offshore

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.

RBS, Wells Fargo, Others Provide $364MM Faroe Facilities

Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.

JPMorgan Agents $2.16B Hill-Rom Holdings Facility

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.

DNB UK Amends Safe Bulkers 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.

DNB, Nordea Extend, Upsize Nordic American Tanker Facility

Nordic America Tanker has extended and refinanced its current credit facility with a new facility which was increased from $430 million to $500 million.

DNB Bank Agents New $500MM Term Loan Facility for Frontline

Frontline Management signed a new $500 million senior secured term loan facility with a bank group led by DNB Bank as facility agent.

Nordea Bank Norge Agents Euronav $750MM Amortizing Revolver

Major tanker owner Euronav signed a new $750 million senior secured amortizing revolver with a lender group led by Nordea Bank Norge as facility agent. The credit facility will be secured by 25 vessels.

DNB Bank Supports GasLog Acquisition

GasLog acquired two LNG carriers from Methane Services Limited. To complete the transaction, GasLog drew down on a $460 million credit facility led by DNB Bank.