New Junior Credit Facility in Marine Accurate Well (NO) — USD 50 million

Carnegie acted as sole financial adviser to Marine Accurate Well ASA in securing additional funding through its existing bank syndicate and from a new junior credit facility of USD 50 million provided by Maas Capital. Maracc was established in 2006 to build, own and operate the semi-submersible drilling rig “Island Innovator”. The rig has been constructed according to Norwegian rules and regulations and is a purpose built heavy well intervention and drilling unit targeted for North Sea operations. Maracc has secured a 12 wells firm contract for the rig with Lundin Norway AS. December 2012.