Noble Corporation closed a new $350 million secured term loan. According to an 8K, DNB Capital, JPMorgan Chase, Nykredit Bank, Clifford Capital, Barclays Bank, Danske Bank, HSBC Bank, Nordea Bank and Morgan Stanely Senior Funding are mandated lead arrangers.
GulfMark Offshore completed its financial restructuring plan and emerged from bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. DNB Capital served as administrative agent for a $25 million revolver and a $100 million term loan to support the restructuring.
PRA Group expanded its North American credit facility to $1.2 billion, consisting of a $450 million term loan and a $755 million revolver. Bank of America was administrative agent for the transaction.
Oceaneering extended the maturity on its $300 million term loan and $500 million revolving credit facility to October 25, 2020 and October 25, 2019 respectively. Wells Fargo was administrative agent for the transaction.