Refi for Dubai-based seabed surveyer Polarcus

Polarcus, a seismic surveyer servicing the oil industry, has signed a term sheet for a $410m refinancing loan.

  • 27 Jul 2011

DnB NOR Bank, DV Bank and export credit agencies Garanti-institutet for Eksportkreditt (GIEK) and Eksportfinans are mandated lead arrangers on the deal, which refinances several lines of debt. The Dubai-based borrower, which is unrated, hopes to sign the deal by the end of August.

Part of the loan will ...

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1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
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