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Arntzen de Besche assisted the lenders in a new USD 550 mill. revolving credit facility to Det norske oljeselskap ASA

At the end of June 2015 Det norske oljeselskap ASA entered into a revolving credit facility ("RCF") in the amount of USD 550 mill. with a consortium of banks with DNB Bank ASA acting as agent. Arntzen de Besche assisted the lenders.

In connection with the new revolving credit facility, an amendment was also entered into in respect of Det norske oljeselskap ASAs USD 3.0 billion reserve-based lending ("RBL") facility. Arntzen de Besche assisted the lenders with the amendments, including BNP Paribas as documentation bank and DNB Bank ASA as agent.

Arntzen de Besche's team has been led by Atle Gabrielsen, partner of our Banking and Financing group, assisted by Trond Kildal, also a partner of our Banking and Financing group.

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