Monthly Archives for September 2020

[30-September-2020] ATLANTICA TENDER DRILLING LTD. (ATDL) – CHANGE IN LEADERSHIP

Bermuda, 30 September 2020 – ATDL has executed a leadership transition following the retirement of Chief Executive Officer, Kerry Kunz. Kerry’s leadership with ATDL started in 2007 as one of the founders of BassDrill, later renamed Atlantica Tender Drilling. Over the next several months Kerry will remain connected in an advisory capacity to assist with the transition. The company would like to sincerely thank Kerry for his many years of service and wishes him all the best in his new Read More


[30-September-2020] ATLANTICA TENDER DRILLING LTD. (ATDL) – BANK FACILITY MATURITY DATE EXTENSION AND UPDATE ON CREDITOR DISCUSSIONS

Bermuda, 30-September-2020, ATDL is the borrower under a senior secured bank facility agreement with an outstanding amount of USD 86.4 million (the “Senior Facility Agreement”) and issuer under a secured bond with an outstanding amount of USD 135.6 million (the “Bond Issue”). ATDL, its lenders and key bondholders have reached an agreement (subject to formalisation) for amendments to the Senior Facility Agreement and Bond Issue. The amendments include:  (i)            An extension of the maturity date of the Senior Bank Facility Read More


[16-September-2020] ATLANTICA TENDER DRILLING LTD. (ATDL) – Update regarding Atlantica Delta

Bermuda, 16 September 2020 – With reference to the press release made on 30 June 2020, the Atlantica Delta has now completed its process of demobilization from Total’s Moho Nord TLP offshore Congo (Brazzaville). The rig is under tow to the Canary Islands, Spain, where it will be stacked while other opportunities are pursued for the vessel.  With its maiden drilling campaign complete, the rig and crews can enjoy a safety record that saw rig construction, rig-up, drilling of sixteen Read More