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Published on 5/7/2020 in the Prospect News Bank Loan Daily.

DNO draws $115 million from reserve-based facility for added cash

By Marisa Wong

Los Angeles, May 7 – DNO ASA said it has drawn $115 million from its reserve-based lending facility to strengthen its cash position.

Loan proceeds will be used to fund North Sea operations, according to a news release.

DNO is an oil and gas operator based in Oslo.


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