Category Archives for News

[3-December-2019] Atlantica Tender Drilling Ltd. (ATDL) Update on Merger with Energy Drilling Company news

On 04 April 2019, ATDL and Energy Drilling Pte. Ltd (Energy Drilling) announced the signing of a letter of intent to merge the two companies. The decision has now been taken to postpone the merger. In the last months, both ATDL and Energy Drilling have worked hard to secure longer term financing and support for the merger. While respective shareholder and lending groups have been positive to a merger, it has proved difficult to obtain longer term financing to support Read More


[20-November-2019] Atlantica Tender Drilling Ltd. (ATDL) Appointment of New Chairman

Mr. Helge Haakonsen has resigned his position as director and chairman of Atlantica Tender Drilling Ltd (ATDL). We wish to thank Helge for his significant contribution to the Company’s development over the past years and wish him all the best for the future. Mr. Erling Lind has been appointed as director and new chairman. We take this opportunity to welcome Erling to ATDL. For further information, please contact: Reese McNeel CFO Atlantica Tender Drilling Ltd reese.mcneel@atlanticatd.com +47 41508186


[18-October-2019] Atlantica Tender Drilling Ltd (ATDL) – AGM and Change in Board of Directors

Reference is made to the notice of Annual General Meeting (AGM) published on October 08, 2019. The AGM was held on October 16, 2019. All proposed resolutions were adopted. Following the AGM, the board of directors of Atlantica Tender Drilling Ltd (ATDL) is as follows: Mr. Helge Haakonsen – Chairman Mr. Pål Reiulf Olsen – Deputy Chairman Mr. Alf C Thorkildsen – Newly elected Mr. Kristan Bodden – Newly elected For further information, please contact: Reese McNeel CFO Atlantica Tender Read More


[15-October-2019] ATLANTICA TENDER DRILLING LTD. – UNDERWRITTEN EQUITY ISSUE COMPLETED

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Bermuda, October 15, 2019 – Reference is made to the NOTC stock exchange notice published by Atlantica Tender Drilling Ltd. (“ATDL” or the “Company“) concerning the private equity offering directed solely to its existing shareholders Read More


[08-October-2019] Notice of 2019 Annual General Meeting

Per the attachment, a notice has been sent to the Company’s shareholders, such notice informing that the 2019 Annual General Meeting («AGM») of the Company will be held at Victoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda, on 16 October 2019 at 3:00 pm (CET). The proposed agenda comprises solely the ordinary business of the AGM. Participation by way of proxy only: Shareholders of the Company are asked to submit their proxies for participation to the Company’s Read More


[08-October-2019] Atlantica Tender Drilling Ltd. (ATDL) Contemplated Underwritten Equity Issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Bermuda, October 08, 2019: the board of directors of Atlantica Tender Drilling Ltd. (“ATDL” or the “Company”) intends to carry out a private equity offering directed solely to its existing shareholders of up to USD Read More


[23-September-2019] Change in CFO

Effective September 30, 2019 Lasse Kjelsaas will step down as CFO after almost 8 years of service. We wish to thank Lasse for his significant contribution to the Company and wish him all the best in his future endeavors. Mr. Reese McNeel has been appointed CFO effective October 01, 2019. Reese will reside in Oslo, Norway. We take this opportunity to welcome Reese to the team.


[05-September-2019] Bank Facility Maturity Date Extension and Summons to Bondholder Meeting

Atlantica Tender Drilling Limited (“ATDL”) has recently explored different possibilities for refinancing of its debt, but has not yet been able to conclude on a long term refinancing. The Company has therefore explored the possibility of an extension of its Senior Bank Facility and the Bond Issue in order to allow more time to pursue a long term refinancing. The lenders under the Senior Bank Facility has agreed to an extension of the maturity date of the Senior Bank Facility Read More


[23-August-2019] Temporary Extension of Bank Facility Maturity Date

We refer to the announcement dated 10 May 2019, regarding a contemplated bond issue for Atlantica Tender Drilling Limited (“ATDL”). Due to adverse market conditions, ATDL was not able to conclude the contemplated bond issue. ATDL has therefore been discussing extending the maturity date of its existing bank facility (23 August 2019) and bond issue (23 September 2019) by approximately one year. The lenders under the bank facility have granted ATDL a temporary extension of the maturity date until 20 Read More


[12-JULY-2019] Atlantica Safety Milestone

In the beginning of Q2 2019, Atlantica surpassed 4 years without a lost time injury. We are extremely pleased with the safety performance of both units. This achievement demonstrates that the teams onboard both units have committed to and embraced the need to work with the company’s QHSE management system.


[10-May-2019] Atlantica Tender Drilling Ltd. – New Bank Term Loan Facility and Contemplated Bond Issue

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 Read More


[28-March-2018] 121-Day Extension to BassDrill Beta Charter

Petrobras has exercised their right to utilize a clause in the charter contract for BassDrill Beta which permits extending the primary term of the contract by the sum of accumulated downtime incurred during the original 1500-day term. This extends the term of the contract to the end of August, 2018.


[24-August-2017] Notice of 2017 Annual General Meeting

Per the attachment, a notice has today been sent the Company’s shareholders informing that the 2017 Annual General Meeting («AGM») of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 21 September 2017 at 3:00 pm (CET). The proposed agenda comprises solely the ordinary business of the AGM. Participation by way of proxy only: Shareholders of the Company are asked to submit their proxies for participation to the Company’s registrar in DNB Bank Read More


[ 06-April-2017] Simen Skaare Eriksen has been appointed to Atlantica’s Board of Directors

Mr. Eriksen has 20 years of extensive international experience within the offshore and shipping industries. From 2008 until 2017 he held various roles with Frigstad Offshore, the last 8 years as CEO. Prior to that he spent more than 10 years in several positions with the A.P. Moller-Maersk Group at several of their international locations, most of the time with Maersk Contractors. From 1997 to 1999 he was with Maersk Line, completing a graduate management trainee programme at Maersk Shipping Read More