Atlantica Tender Drilling Limited (the “Company”) has received credit approvals from a syndicate of new and existing lenders for a new 4-year USD 100 million first lien term loan facility (the “Term Loan”). The Company has further mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners and Danske Bank and SpareBank1 Markets as Joint Bookrunners to arrange a series of fixed income investor meetings. A USD 140 million, 4-year, second lien bond issue (the “Bond Issue”) may follow, subject to market conditions. Proceeds from the Term Loan and the Bond Issue will be used to refinance the Company’s existing bank and bond debt.
For further information, please contact:
Kerry Kunz, President & CEO, Atlantica Tender Drilling Limited
Mobile phone: +1 (832) 715-2465
Lasse Kjelsås, CFO, Atlantica Tender Drilling Limited
Mobile phone: +47 90849772