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Solstad Rederi AS did in February enter into a term loan and guarantee facility of MNOK 1,215 and MUSD 30 with a group of Norwegian and Nordic banks and financial institutions with DNB Bank ASA acting as agent. The facility is secured inter alia with mortgages over six of Solstad Rederi AS' vessels.
Closing has been completed and the facility has by that replaced and refinanced five separate loan- and guarantee facilities and made addition loan available to Solstad Rederi AS.
Arntzen de Besche acted for the agent and the finance parties.