Nordics - Norway
1

Banking and finance (including shipping finance)

Arntzen de Besche

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The ‘outstanding’ team at Arntzen de Besche has notable strength across the banking and finance spectrum, including providing shipping, energy, and real estate finance, banking litigation, and financial regulatory advice. Trond Kildal heads up the team and stands out for his significant experience advising domestic and international lenders on acquisition financings. Karl Rosén is a key contact for complex financial regulatory matters, while the ’very capable and commercially oriented’ Vidar Løhre takes point on restructuring and debt capital work, and Siril Visnes handles bilateral financing agreements and syndicated financings. Also in the core team is Atle Stensrud, who has particular experience handling financing transactions in the aviation and oil and gas sectors.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The AdeB team is very hands-on and always available, with a high degree of partner involvement. Their employees are perhaps the most solution-oriented lawyers we have worked with.’

  • ‘Vidar Løhre: Very solution-oriented, available, commercially-minded, and a great guy to work with.’

  • ‘We use Siril Visnes on various transactions, as well as other work where she can provide added value to us from her background as an in-house lawyer.’

  • ‘We have worked closely with Vidar Løhre and Martin Gunnheim on a number of cases. They show strong commitment and attention. They are proactive in addressing potential issues and get deeply engaged in each case. We are very satisfied with the counsel we have received and appreciate working the the Arntzen de Besche team.’

  • ‘Vidar Løhre is extremely personable and attentive. Very capable and commercially oriented, and always a pleasure to work with due to his positive attitude and pragmatic approach.'

  • 'Atle Stensrud is highly skilled, with great attention to detail combined with a solid grasp of the overall objectives. Very pleasurable to work with and always fully in control of the deal process.’

  • ‘Vidar Løhre goes beyond other competitors by building relationships that are trust based through great advice, efficient processing and staffing the best suited to each transaction. Vidar has a great commercial aspect, on top of his market knowledge and experience, which ensures friction free processes.’

  • ‘The team is outstanding when it comes to insight in financial regulations in Norway and EU. They are always in front and it makes it easier to adapt changes.’

Key clients

  • DNB Bank ASA
  • Pareto Securities AS
  • Goldman Sachs International
  • Nordea Bank Abp
  • Citibank N.A., London Branch
  • Bank of America Europe
  • If P&C Insurance
  • Shearwater Geoservices Holding AS
  • SEB
  • Danske Bank A/S
  • Scandinavian Airlines System (SAS)
  • Fearnley Securities AS
  • Pandion Energy
  • Arctic Securities
  • BNP Paribas S.A.
  • ABN Amro Bank N.V.
  • SpareBank 1 SR-Bank

Work highlights

  • Representing Global Loan Agency Services Limited as Agent and Glas Trust Corporation Limited as Security Agent on behalf of a large syndicate of lenders and bondholders in connection to a €500m secured note and a €450m senior secured note.
  • Representing and assisting JP Morgan AG (as agent) and Wilmington Trust (London) Limited (as security agent) for three separate syndicates of lenders, in an aggregate €836m financing of Hurtigruten Group, including thirteen expedition cruise ships, and involving a subsequent reorganisation of the group.
  • Assisting the Norwegian public company NTS ASA with the negotiation of secured banking facilities of NOK8.5bn to be used for, inter alia, the acquisition of the Norwegian public company Norway Royal Salmon ASA.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Vidar Løhre
Partner. Løhre works primarily in the banking and loan market. He has more than 14 years’ experience of advising Norwegian and international clients on a wide range of matters relating to financing, securities trading law, restructuring and insolvency. Løhre’s practice encompasses bank financing, direct lending/private debt and capital market transactions in most sectors and relating to most asset types, including ship and property financing, acquisition financing and project financing.
Siril Visnes
Partner. Siril Visnes has comprehensive experience with international financings involving major bank syndicates and complex intercreditor issues. She works for both lenders and borrowers, across industries. Her work involves both investment grade and high yield style financings, comprising acquisition financings, project financings and asset based financing. Visnes is also frequently involved in debt restructurings and work-outs. She has in-depth knowledge of the entire value chain of products that financial institutions offer typically offer to their customers, hereunder receivables purchase products, leasing arrangements, and various types of cash management products. Visnes is an efficient advisor who inspires confidence, and is focused on balancing legal issues against commercial factors and thereby provide advice that is both practical and usable.

Practice head

The lawyer(s) leading their teams.

Trond Kildal

Other key lawyers

Karl Rosén, Vidar Løhre, Siril Visnes, Martin Gunnheim, Atle Stensrud

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