Thommessen has advised Master Marine and Jacktel with the refinancing. It comprised a new USD 150 million senior secured bond issued by Jacktel, a one year USD 100 million super senior secured term loan to Jacktel and the simultaneous closing of tender offers and exercise of call options in respect of Master Marine and Jacktel's two existing bond issues.

The new bond issue and the term loan are secured by, inter alia, a mortgage over Jacktel's accommodation rig 'Haven', which is currently on contract to Equinor on Johan Sverdrup field.

The Thommessen team was led by Halvor Mansåker and included senior associate Heidi Dillevig and associate Pernille Engstrøm Skaug.