Acquisition Finance 2025

NORWAY Law and Practice Contributed by: Ida Marie Windrup, Kristine Hjertenæs, Markus Nilssen and Daniel Jovanovic, BAHR

BAHR was established in 1966 and is one of Norway’s leading commercial law firms. BAHR serves as an adviser, problem solver and part- ner in strategic discussions for both Norwegian and international clients and enjoys a unique Tier-1 network of global best friend firms. BAHR advises on all business-related legal disciplines, with offices in Oslo and Bergen, and around 200 fee earners. The banking and finance team combines industry understanding and Tier-1

legal capabilities to enable value-maximising transactions for its clients. Recent deals include acting for seafood giant SalMar in relation to its unsecured debt facilities totalling NOK16 billion and acting for funders on the c. EUR700 mil- lion bank, notes and Norwegian bond refinanc- ing for Norwegian ferry owner Norled AS (a pri- vate infrastructure portfolio company owned by CBRE Investment Management) which included Norwegian ship mortgages over 70 vessels.

Authors

Ida Marie Windrup is a partner at BAHR and heads up the firm’s banking and finance group. Ida advises leading Norwegian and international banking and other lender clients on debt financing

Markus Nilssen is a partner with BAHR’s banking and finance group who advises borrower- side clients on a broad range of financing agreements ranging from plain vanilla bank loans to

transactions, with a focus on asset, project and acquisition financing transactions. She works across a variety of sectors and industries, including infrastructure, technology and ocean-related industries. She is dual qualified as a Norwegian advocate and an English solicitor. Ida also leads the firm’s work within international relations.

more bespoke products like factoring and other trade financing solutions, derivatives, repos and stock lending arrangements, and other structured finance products.

Daniel Jovanovic is a partner with BAHR’s banking and finance group who advises borrowers and sponsors on debt

Kristine Hjertenæs is a managing associate with BAHR’s banking and finance group, advising both lenders and borrowers on bank and bond financings and

financing transactions (both bank financings and bond issuances, or a combination thereof) and has played a pivotal role in some of the most intricate and groundbreaking financing and restructuring matters in the Norwegian market in recent years.

restructurings. In recent years, she has played a key role in some of the most complex and multi-jurisdictional financial restructurings and new debt financings, covering a variety of sectors, including renewable energy, marine seismic, oil service, shipping and offshore, transportation, retail and restaurant/ franchising.

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