DNB Bank

Norwegian gas and oil shipping and storage company Stolt-Nielsen has agreed $325m of new debt arrangements with three of its relationship banks to fund the purchase of Jo Tankers' chemical tanker operations.

Hospitality business Genting Hong Kong, which operates cruise liners, has signed a $500m borrowing to refinance debt taken for funding six vessels.

Swedish car safety specialist Autoliv has refinanced a $1.1bn revolving credit facility, with two banks leaving and two joining the syndicate. Deals in the region have seen rival lenders increase their share of bookrunning volumes this year.

Norwegian renewable power company E-Co Energi brought in two new banks to its latest Nkr1.5bn (€160.6m) refinancing, and saw two leave the syndicate.

Shares in AcadeMedia, which claims to be the largest education company in Europe, soared on Wednesday in heavy trading volume on the first day after its IPO, which a banker said achieved a "record high level of oversubscription".

Equity capital markets issuers and banks successfully completed the first batch of summer IPOs last week, and there is now expected to be very little activity until after the UK’s referendum on June 23.

AP Møller-Mærsk, the Danish shipping and oil company, revived its Norwegian krone bond funding on Monday with a three tranche deal that attracted much more demand than expected, growing to Nkr5.2bn (€558m).

Recipharm, the Swedish pharmaceutical company, has completed its Skr805m (€86m) rights issue to finance its acquisition of Kemwell’s manufacturing outsourcing businesses in India, Sweden and the US.

Nordic IT company Evry, 88% owned by Apax Partners, has tightened pricing on its €275m dividend recapitalisation term loan ‘B’.

Evry, the Norwegian IT firm 88% owned by Apax Partners, has bank meetings on Wednesday morning for its €275m equivalent dividend recapitalisation term loan ‘B’.

Sweden's largest oil refiner, Corral Petroleum Holdings, sold on Friday €625m-equivalent of payment-in-kind toggle notes after dropping dollars for Swedish kronor.

Two single-B credits launched in the European high yield market this week — Cirsa and Preem — taking April's tally to four. Only six single-B deals of at least €100m have been priced so far this year, with some observers expecting the stream to continue.