Norway's Dolphin Group asks banks for loan increase

Norwegian seismic vessel operator Dolphin Group is in talks with two banks to increase an existing loan to $93m.

  • By Michael Turner
  • 13 Nov 2013

Dolphin has asked DnB Bank and SpareBank for a $20m increase to its $73m deal. The borrower is considering approaching a third lender to join the facility. 

The proposed loan increase is in the documentation stages now. 

Dolphin has drawn $23m of the loan. The undrawn $50m will be used ...

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