Monthly Archives for September 2021

[28 September 2021] Atlantica Tender Drilling Ltd. (ATDL) – Sale of Atlantica Delta and Distribution of Proceeds

Bermuda, 28 September 2021 – With reference to the press release from 02 September 2021 and in accordance with the Recovery Agreement, the rig Atlantica Delta and certain associated assets, including the ATDL domain name and management system, have been sold for gross proceeds of USD 2.5 million. The buyer is a newly established entity which intends to market the rig for future use and utilize the existing management systems and experience to pursue new opportunities. The net proceeds from Read More


[12 September 2021] Atlantica Tender Drilling Ltd. (ATDL) – Sale of BassDrill Beta

Bermuda, 12 September 2021 – With reference to the press release from 02 September 2021 and in accordance with the Recovery Agreement, the rig BassDrill Beta has been sold for USD 4.3 million for recycling. The net proceeds from the sale shall be shared on a 50:50 basis between the Senior Lenders and the Bondholders. For further information, please contact:Reese McNeelCFOAtlantica Tender Drilling Ltd.+47 415 08 186reese.mcneel@atlanticatd.com


[07 September 2021] Atlantica Tender Drilling Ltd. (ATDL) – Recovery Agreement Approved

Bermuda, 07 September 2021 – With reference to the press release from 02 September 2021, the proposed written shareholder resolution has been passed and the Recovery Agreement has been entered into. For further information, please contact:Reese McNeelCFOAtlantica Tender Drilling Ltd.+47 415 08 186reese.mcneel@atlanticatd.com


[03 September 2021] Atlantica Tender Drilling Ltd. (ATDL – Approval of Written Bondholders’ Resolution

Please find attached notice approving the Written Bondholders’ Resolution from 02 September 2021. For further information, please contact:Reese McNeelCFOAtlantica Tender Drilling Ltd.+47 415 08 186reese.mcneel@atlanticatd.com http://www.atlanticatd.com/wp-content/uploads/2021/09/Bondholer-Written-Resolution-Sept-2-2021.pdf


[02 September 2021] Atlantica Tender Drilling Ltd. (ATDL) – Recovery Agreement

Bermuda, 02 September 2021 – The board of Atlantica Tender Drilling Ltd. (“ATDL”) is pleased to announce that an agreement has been reached with ATDL’s two main creditor groups, i.e. (i) the lending syndicate under its senior bank facility (the “Senior Lenders”) and (ii) its bondholders represented by Nordic Trustee ASA (the “Bondholders”) allowing for the solvent winding up of ATDL and its subsidiaries (the “Group”). ATDL’s obligation to repay the amounts it currently owes to the Senior Lenders (the Read More