Campbells LLP acted as Cayman Islands counsel to DNB Bank ASA, New York Branch and a syndicate of lenders in connection with a US$325 million senior secured term loan facility guaranteed by Tidewater Inc. This transaction partially financed the purchase price of 37 platform supply vessels acquired by Tidewater from Solstad Offshore ASA.
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 60 years of experience supporting offshore energy exploration and production activities worldwide.
Campbells is a leading offshore law firm established in 1970. Advising on Cayman Islands and British Virgin Islands law, the firm provides comprehensive legal advice to clients globally from its offices in the Cayman Islands, the British Virgin Islands and Hong Kong. Campbells is internationally recognised for its expertise by leading directories and trade publications, and is trusted to advise some of the most prominent financial institutions, funds and international conglomerates.