Monthly Archives for July 2021

[15-July-2021] ATLANTICA TENDER DRILLING LTD. (ATDL) – Expiry of bondholder option period and enforcement by senior banks

Bermuda, 15 July 2021 – Reference is made to the press release from 02 June 2021 regarding the standstill with the Senior Banks under the Senior Bank Facility (the “Standstill“) as well as the press releases from 12 April 2021 and 14 April 2021 regarding notice of default and original cash sweep by the Senior Banks under the Senior Bank Facility. The buy-out option period for the Bondholders under the Intercreditor Agreement expired on 13 July 2021 without the Bondholders Read More