Fjord1 acquired NOK 4.46bn ($535.2m) in loan money from Norway's DNB and Nordea Bank of Sweden.

The term and revolving facilities will be used to refinance existing indebtedness, the newly-listed Norwegian transport conglomerate said.

They will also be put toward funding existing and planned investments and general corporate purposes.

The bank facilities must be approved through a facilities agreement.

Fjord1 had NOK 1.76bn