Investor Relations

ATDL – The Atlantica share is currently traded at the Norwegian OTC list, an information system for unlisted shares administered by the Norwegian Securities Dealers Association administers an information system, owned by Norwegian Stockbrokers Information Services (FINFO). Please click here to see more information: OTC Note: Scroll down and look for Ticker ID ATDL

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[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 Drilling Ltd

reese.mcneel@atlanticatd.com

+47 41508186

[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 of up to USD 5 million, through the issuance of new shares and the sale of treasury shares (the “Private Placement”). (the “Private Placement“).

The Private Placement has been completed, raising USD 5,000,000.00 through the allocation of 40,875,955 new shares and the transfer of 9,124,045 treasury shares (the “Private Placement Shares“) at a subscription price of USD 0.10 per share.

Eligible investors who have subscribed for Private Placement Shares and have been allocated shares will receive an allocation notice directly from the Company.  The allocation notice will confirm the number of Private Placement Shares so allotted and contain payment instructions. Final settlement is expected to occur on October 28, 2019.

For further information, please contact:

Reese McNeel

CFO

Atlantica Tender Drilling Ltd

+47 415 08 186

reese.mcneel@atlanticatd.com  

[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 registrar in DNB Bank ASA no later than 12:00 pm (CET), 15 October 2019, as further instructed in the attached notice of the AGM.

http://www.atlanticatd.com/wp-content/uploads/2019/10/2019-AGM-Notice-ATDL.pdf

[08-October-2019] 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 5 million, through the issuance of new shares and the sale of treasury shares for cash (the “Private Placement”).

In the Private Placement, the Company is offering up to 40,875,955 new shares of USD 0.10 and selling 9,124,045 treasury shares pro rata to existing shareholders. The Private Placement is fully underwritten by HVAS Invest Zeta AS, the principal shareholder of the Company. HVAS Invest Zeta AS will receive a 2 % underwriting fee for its underwriting commitment.

The shares to be offered in the Private Placement (the “Private Placement Shares”) will be offered at USD 0.10 (ten cents) per share. The application period for the Private Placement commences today, 08.10.2019, at 08:30 (CET) and, unless extended or earlier terminated, will close at 15.10.2019 at 16:00 CET (the “Subscription Period”). The Company reserves the right to close the application period at any time at their sole discretion or to amend or cancel the Private Placement in its entirety.

The Private Placement will be directed solely towards existing shareholders and is subject to an exemption from offer prospectus requirements. Allocations of the Private Placement Shares will be determined by the Company in its sole discretion. Allocations are non-transferable. Any oversubscriptions will be allocated on a pro-rata basis.

The Private Placement is a condition precedent to the recently announced refinancing. The Company must resolve to carry out a rights issue or other equity issue to be completed by 31 October 2019. Funds from the Private Placement in the amount of USD 4,068,000 must be deposited in a blocked interest account for the benefit of the bondholders. The amount shall cover interest payable between an interest rate of 8 % and 12% per annum for the first three quarterly bond interest payments.

The completion of the Private Placement is subject to approval by the board of directors of the Company. The Company will announce the final results of the Private Placement including the number of shares to be issued and allocated through a notice expected to be published on the Company’s website and N-OTC on or about 15.10.2019.

To subscribe for Private Placement Shares, please complete the attached subscription form (also available to download on www.atlanticatd.com) and return to the address below before the end of the Subscription Period (the “Deadline”). Please also submit the completed subscription form to the email address below.

E-Mail: reese.mcneel@altanticatd.com

Mail:

Atlantica Tender Drilling Ltd

C/O Wikborg Rein

Dronning Mauds gt. 11

Postboks 1513 Vika

0117 Oslo

Norway

The Company reserves the right to disregard any subscriptions received after the Deadline.

For further information, please contact:

Reese McNeel

CFO

Atlantica Tender Drilling Ltd

+47 415 08 186

reese.mcneel@atlanticatd.com

IMPORTANT NOTICE

By subscribing for shares, you explicitly approve and acknowledge that you do so solely on the basis of the publicly available information from the Company and are satisfied that you have received sufficient information to make an informed decision to invest in the shares.

Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “Prospectus Regulation” means Regulation 2017/1129 as amended (together with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “strategy”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this presentation are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or any obligation to update or revise the statements in this presentation to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The Bermuda Monetary Authority and Registrar of Companies take no responsibility for the contents of this document, make no representations as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance on any of the contents of this document

http://www.atlanticatd.com/wp-content/uploads/2019/10/ATDL-Investor-Presentation-08-October-2019.pdf

http://www.atlanticatd.com/wp-content/uploads/2019/10/ATDL-Notice-of-contemplated-rights-issue-08-October-2019.pdf

http://www.atlanticatd.com/wp-content/uploads/2019/10/ATDL-Subscription-Form-Final.doc

[24-September-2019] Director Resignation

Mr. Simen Eriksen has resigned his position as director of ATDL.

[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.

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.

[20-September-2019] Notice from Bondholders’ Meeting

http://www.atlanticatd.com/wp-content/uploads/2019/09/NO0010675580_NB_20190919.pdf

[12-September-2019] Notice Regarding Summons to Bondholders’ Meeting

http://www.atlanticatd.com/wp-content/uploads/2019/09/NO0010675580_IB_20190912.pdf

[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 until 30 September 2020, as well as certain other amendments to the terms and conditions of the Senior Bank Facility.

ATDL has further has been in dialogue with the Bond Trustee and Bondholders representing approximately 54.4% of the Voting Bonds regarding an extension of the maturity date of the Bond Loan until 30 October 2020, as well as certain other amendments to the terms and conditions of the Bond Loan. The main terms of the bond amendments are included in the attached summons to a bondholders’ meeting to be undertaken at 19 September at 11:00 hours (Oslo time).

http://www.atlanticatd.com/wp-content/uploads/2019/09/2019-09-05_ATDL_Bond-Issue_Summons_FINAL.pdf

[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 September 2019 with a view to finalise the ongoing discussions between the company and its secured creditors.

[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 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
Email: kerry.kunz@atlanticatd.com

Lasse Kjelsås, CFO, Atlantica Tender Drilling Limited
Mobile phone: +47 90849772
Email: lasse.kjelsas@atlanticatd.com

[18-April-2019] Atlantica Tender Drilling Ltd. (ATDL) Contract Extension BassDrill Beta

April 18, 2019  Petrobras exercised its right to extend the Beta contract by 180 days commencing in September 2019 through March of 2020.

[04-April-2019] Atlantica Tender Drilling Ltd. (ATDL) Letter of Intent to Merge with Energy Drilling Pte.

Please see the attached joint press release concerning Atlantica Tender Drilling Ltd. and Energy Drilling Pte. Ltd. having signed a Letter Of Intent to merge the two companies.

http://www.atlanticatd.com/wp-content/uploads/2019/04/20190404_ATDL_ED_Joint_company_press_release.pdf

[27-August-2018] Atlantica Tender Drilling Ltd. (ATDL) Contract Extension BassDrill Beta

Petrobras has extended the charter contract for the BassDrill Beta by an additional 386 days with options.

[ 08-August-2018] Notice of 2018 Annual General Meeting

Per the attachment, a notice has been sent the Company’s shareholders informing that the 2018 Annual General Meeting («AGM») of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 21 August 2018 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 ASA no later than 12:00 CET, 17 August 2018, as further instructed in the attached notice of the AGM.

http://www.atlanticatd.com/wp-content/uploads/2018/08/2018-AGM-Notice-ATDL.pdf

[ 31-May-2018] Petrobras has exercised a contract clause to further extend the Beta to August 26, 2018.

[ 30-April-2018] 60 Day extension to BassDrill Beta Charter_Correction to the March 28, 2018 announcement 

Petrobras has exercised their right to utilize a clause in the contract to extend the primary term of the contract duration by 60 days while retaining their right to a further extension(s) utilizing the same clause.  This extends the contract term to the end of June 2018.

[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.

[ 18- January- 2018 ] Change in ISIN Code

Effective 23 January 2018, the Atlantica Tender Drilling Ltd. shares’ ISIN number will change to BMG060591028.

The change is a result of new information requirements towards the issuers recorded in VPS.

[ 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 ASA no later than 12:00 CET, 18 September 2017, as further instructed in the attached notice of the AGM.

2017-AGM-Notice-ATDL

 

[ April 21, 2017]  Announcement- Semi Tender Beta Relocation back to Petrobras’s P61 TLP

Semi Tender Beta ,under contract with Petrobras, has commenced it’s relocation back to Petrobras’s P61 TLP following a hibernation period. Once moored and connected to the TLP there will be a period of time to undertake inspection and reactivation work. After which the Beta is set to resume drilling operations.

 

[06-April-2017] Simen Skaare Ericksen 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 Academy. Mr. Eriksen was educated at NMH/BI Norwegian School of Management, the University of Oslo, as well as the Officers’ Training School of the Norwegian Army.

 

In Progress

[18-November-2016] Atlantica Attains Multiple Safety Milestones

Atlantica’s semi tender Beta, under contract to Petrobras in Brazil, as well as all of Atlantica Tender Drilling, successfully completed 1 year of operations with zero Recordable Incidents.

Additionally, on December 10, 2016 Atlantica’s semi tender Delta, under contract to Total in the Congo, successfully completed 1 year of operations with zero Recordable Incidents.

Congratulations to the crews offshore, the management onshore and to our customers Petrobras and Total for their exceptional leadership and support.

10-dec-16-beta10-dec-2016-delta

 

[10-November 2016] Beta «Hibernation Agreement»

The semi tender “Beta” has concluded a «hibernation agreement» with Petrobras. The agreement will permit the Beta to standby at a holding location whilst a reservoir study is undertaken to improve production and certain required work is carried out on the TLP, before the Beta can be re-moored alongside the P-61 to allow drilling to resume in Q2 of 2017. The agreement allows for crew reduction savings to be passed along to Petrobras during the hibernation period.

 

[10-October -2016] Notice of Annual General Meeting

Per the attachment, a notice has today been sent the Company’s shareholders informing that the 2016 Annual General Meeting («AGM») of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 24 October 2016 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 ASA no later than 12:00 CET, 21 October 2016, as further instructed in the attached notice of the AGM.

ATDL-Notice-2016-AGM

 

[ 27-September-2016] Delta Commences Well Development Program
The Company’s semi tender «Delta», which commenced its contract with Total Congo 30 January 2016 on standby, has begun running drilling riser on the initial well to be drilled on the Moho Nord TLP offshore West Africa. This effectively commences the 17 well development program, scheduled to last into mid-2020. The contract has extension options for 2×5 wells over and above the 17 primary wells.

 

[11-March-2016] Atlantica obtains ISO 9001:2008 Certification through ABS

Atlantica Management (USA) Inc. is pleased to announce the Certification of their Quality Enterprise Management System against the requirements set forth by ISO 9001:2008 as applicable to the provision of contract tender assist drilling services.

ABS Quality Evaluations Certificate Of Conformance

 

[3-February-2016] Atlantica Delta arrived in Pointe Noire, Congo

January 30, 2016, the Atlantica Delta arrived in Pointe Noire, Congo to commence its contract with Total Congo on the Moho Nord development.

 

[3-February-2016] Gamma Construction Contract Termination

Referencing the announcement posted 1 February 2016 of the Company having terminated the Atlantica Gamma construction contract, it should be noted that the yard, DSIC have contested said termination.

 

[1-February-2016] Atlantica has terminated its contract with DSIC for the construction of the Atlantica Gamma

 Atlantica has terminated its contract with DSIC for the construction of the Atlantica Gamma.

In Progress 

[ 14-December-2015] Atlantica Delta Semi Tender Delivered

December 11, 2015 Atlantica Delta semi tender was delivered by DSIC (Dalian). The Delta will be loaded aboard the Mighty Servant III for the 10,000 nautical mile, 5 week voyage to West Africa where it will immediately commence a term development drilling contract for Total Congo. The Delta will be positioned in 800m of water with pre-laid mooring adjacent to the recently delivered Moho Nord TLP.

[8-December-2015] Agreement on Gamma

ATDL has entered into a Memorandum of Agreement with DSIC regarding the tender assist unit Atlantica Gamma, affording the Company the right, on certain terms, to take delivery any time prior to Sept 30, 2017.

[3-December-2015] Atlantica’s Competency Management System Accredited by the IADC

Atlantica Management (USA) Inc. is pleased to announce the accreditation of their Competency Management System (CMS) against the requirements set forth by the International Association of Drilling Contractors (IADC) as applicable to our offshore contract tender assist drilling operations in Brasil and the Republic of Congo.

 

[11-November-2015] Delta Naming Ceremony

Atlantica Delta’s Naming Ceremony took place at Dalian Shipyard Industry Offshore Company (DSIOC) on November 11 attended by a host of distinguished guests and management from both DSIOC and Atlantica. The formal event acknowledges the completion of the Delta semi tender which is destined for a term contract in the Congo with Total alongside the Moho Nord TLP. The Delta, a sister to the Beta, is destined to depart within the next month following some final commissioning and testing. Upon arrival in the Congo, the Delta will mobilize directly to the offshore location for the commencement of the contract.

 

 

 

 

[25-September-2015] Decrease in Nominal Share Value

Reference is made to the announcement by Atlantica Tender Drilling Ltd. (the “Company”) on 11 September 2015 regarding a special general meeting (“SGM”) which was held 21 September 2015.

The purpose of the SGM was to implement the Private Placement and to accommodate further equity injection in the Company by increasing the authorised capital of the Company by 124,221,632 new common shares, each with a nominal value of USD 0.10 per share. To accomplish the above, the nominal value of each common share was resolved reduced from USD 1.00 to USD 0.10.

The reduction of the nominal value of each common share in the Company from USD 1.00 to USD 0.10 became effective today.

 

[21-September-2015] USD 40 Million Private Placement Completed

Reference is given to the previous announcements by Atlantica Tender Drilling Ltd. (the “Company”) in relation to the USD 40 million private placement of new shares in the Company.

The application period in the private placement ended on 18 September 2015 and the Company is pleased to announce that the offering was fully subscribed.

Following the end of the application period the board resolved to allocate the new shares in accordance with the terms of the application agreement. Allocation letters will be sent to the subscribers on 21 September 2015, including payment instructions and timing for the settlement of the new shares.

This announcement does not constitute an offer to buy, subscribe or sell any of the securities described herein, and no securities are being offered or sold pursuant to it.

 

[7-September-2015] Notice of Special General Meeting

Reference is made to the announcement by Atlantica Tender Drilling Ltd. (the “Company”) on 7 September 2015 regarding the on-going Private Placement in the Company. Completion of the Private Placement is conditional upon approval by the shareholders to increase the authorized capital of the Company and a reduction of the nominal value of each common share.

Per the attachment, a notice has today been dispatched to the Company’s shareholders as of 9 September 2015 informing that a Special General Meeting (“SGM”) of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 21 September 2015 at 3:00 pm (CET). The purpose of the Special General Meeting is to increase the authorised capital of the Company by 124,221,632 new common shares, each with a nominal value of USD 0.10 per share, to accommodate further equity injection in the Company and in order accomplish the above, to approve the reduction of the nominal value of each common share from USD 1.00 to USD 0.10.

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 ASA no later than 12:00 CET, 18 September, as further instructed in the attached notice of the SGM.

This announcement does not constitute an offer to buy, subscribe or sell any of the securities described herein, and no securities are being offered or sold pursuant to it.

ATDL – Notice – 21 Sep 2015 SGM (FINAL)

 

[25-August-2015] Contemplated Private Placement and Invitation to Owners Meeting

The Board of Directors of Atlantica Tender Drilling Ltd. (the “Company”) is contemplating a private placement of new shares amounting to USD 40 million as the Company is in the final stages of its newbuild program with planned delivery of the tender semi Atlantica Delta in November 2015. The contemplated private placement will be based on a book building process directed at existing and new shareholders with preferred allocation according to pro-rata ownership for existing shareholders.

In this regard, the Company would like to invite all of its shareholders to an information meeting at Swedbank’s offices at Filipstad Brygge 1, Oslo, Norway, on 1 September 2015, at 16:30 hrs. Please find enclosed an invitation to the owners meeting for further information.

The Company has retained Swedbank as Manager in relation to the contemplated private placement, whereas Credeva AS is financial advisor to the Company in relation to the transaction and Wikborg, Rein & Co. Advokatfirma DA acts as legal advisor to the Company.

ATDL – Invitation to information meeting

 

[5-August-2015] Notice of Annual General Meeting

Per the attachment, a notice has today been sent to the Company’s Shareholders informing that the 2015 Annual General Meeting (AGM) of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 17 August 2015 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 ASA no later than 12:00 CET, 14 August 2015, as further instructed in the attached notice of the AGM.

ATDL – Notice – 2015 AGM

[16-July-2015] Atlantica obtains ISO 14001:2004 Certification through ABS

July 15, 2015 Atlantica Management (USA) Inc. is pleased to announce the Certification of their Environmental Stewardship Management System against the requirements set forth by ISO 14001:2004 as applicable to the provision of contract tender assist drilling services.

 

[12-May-2015] Announcement – Early Termination of Alpha Contract

Owing to the depressed oil price environment, Total Congo has elected to early terminate the BassDrill Alpha at the conclusion of the present well expected later this month. The company intends to warm stack the Alpha offshore The Congo in anticipation of future work in the area. The Alpha is presently being actively marketed to operators in both major tender assist regions: Southeast Asia and West-Africa.

 

[17-April-2015] Alpha attains 4 Year LTI Free Milestone

On April 5, 2015 Atlantica’s barge tender Alpha, under contract to Total in the Congo, successfully completed 4 years of operations with zero Lost Time Incidents. Congratulations to the crews offshore, the management onshore and to our customer Total for their exceptional leadership and support.

 

 

 

 

[18-March-2015] Petrobras starts up P-61 platform in Papa Terra field

Atlantica’s semi tender vessel, Beta, is currently working offshore in the Papa Terra field of Brazil alongside Petrobras’ P-61. Get a glimpse of the Beta alongside the P-61 in the article that was published online March 16, 2015 in the Oil & Gas Journal. Read the full article by clicking the link below.

Petrobras starts up P-61 platform in Papa Terra field

 

[17-March-2015] Beta completes 1st well on Petrobras’ P-61 Pappa Terra & TLWP

Atlantica’s semi tender Beta contracted to Petrobras offshore Brazil has completed the initial well in the 13 well development program. The initial well was successfully completed and began producing on March 16. This provides a welcome milestone for the program as the Beta moves to the second well to commence drilling.

 

[17-February-2015]  Alpha Contract Update

A mutually agreed discounted rate was offered to and accepted by Total Congo for the continued use of the BassDrill Alpha under contract to Total Congo since 2011. The discounted rate will permit operations to continue on a well by well basis commencing at the end of the present well in progress.

[26-January-2015] Chief Operating Officer

As of January 26, 2015, Mike Cadigan joins the Atlantica Management team as Chief Operating Officer. As an executive of two previous startup companies Mr. Cadigan has an extensive knowledge in the development of management systems and operational startups. He formerly served as VP – Health Safety and Environment of Premium Drilling and most recently was VP – Administration and Co-Founder of Prospector Offshore Drilling. With 20 years of executive leadership experience, Mr. Cadigan’s broad managerial strengths will be an asset to the Company’s projects as they transition to operations.

 

[ 24-December-2014] New Number of Shares Outstanding

Post settlement of the 4,922,691 new shares issued with the recent rights issue, the new number of total shares outstanding in the company is 127,989,977.

 

[12-December-2014] “Beta” commences operational activities

The semi tender “Beta” commenced operational activities on the initial well on Petrobras’s P-61 TLP located in the Campos Basin. This is a milestone achievement which marks the start of the first deep water surface development program in Brazilian waters as well as the first development in Brazil using a semi tender assist rig.

[8-December-2014] Atlantica Tender Drilling Ltd. (ATDL) Notice of Annual General Meeting

Per the attachment, a notice has today been sent the Company’s shareholders informing that the 2014 Annual General Meeting («AGM») of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 17 December 2014 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 ASA no later than 12:00 CET, 16 December 2014, as further instructed in the attached notice of the AGM.

ATDL – Notice – 2014 AGM

[26-November-2014] Transaction results and Allocation of New Shares in Rights Issue

Cf. previous announcements by Atlantica Tender Drilling Ltd. in relation to the Rights Issue of New Shares.

The subscription period in the Rights Issue ended yesterday, 26 November 2014. The offering was fully subscribed, through a combination of approx. 74 percent of the preferential rights being exercised and the underwriting agreement.

Following the end of the application period the board resolved to allocate the New Shares in accordance with the terms of the Subscription Agreement. Allocation Letters will be sent to the subscribers on 27 November 2014, including payment instructions and timing for the settlement of the New Shares.

This announcement does not constitute an offer to buy, subscribe or sell any of the securities described herein, and no securities are being offered or sold pursuant to it.

All information given or sent to the shareholders of the company will be available on the NOTC information web and on the company’s web-site.

 

 

[26-November-2014] Atlantica Tender Drilling Ltd. (ATDL) Rights Issue – Subscription Period ends today

 

Cf. the announcement by Atlantica Tender Drilling Ltd. on 10 November 2014 regarding the Rights Issue of New Shares.

The subscription period for the Rights Issue ends today, 26 November 2014 at 16.30 hours (CET).

This announcement does not constitute an offer to buy, subscribe or sell any of the securities described herein, and no securities are being offered or sold pursuant to it.

 

[12-November-2014] Article in European Oil and Gas Magazine

2014-09 Article in European_Oil_and_Gas_Issue_112_Final_Edition

[11-November-2014] Atlantica Tender Drilling Ltd. (ATDL) Atlantica Gamma Deferred and Flexible Delivery Negotiated

Atlantica has negotiated with builder DSIC a deferred delivery of the heavy tender barge “Atlantica Gamma” which will permit Atlantica to take delivery of the unit anytime – entirely at the Company’s discretion – between July of 2015 and March of 2016. This agreement will permit the company both flexibility and additional time to secure a suitable charter contract for the Gamma. The agreement follows the delay in the original delivery date owing to the modular mast equipment package under construction in the US falling well behind the original schedule.

[10-November-2014] Atlantica Tender Drilling Ltd. (ATDL) Rights Issue – Subscription Period starts today

Reference is given to the announcement by Atlantica Tender Drilling Ltd. on 10 November 2014 regarding a rights issue of new shares in the company.

The subscription period for the rights issue commences today, 12 November 2014. Shareholders per 7 November 2014 are eligible to participate in the rights issue. For further information, please find enclosed an information letter and the Investor Presentation, including preliminary consolidated financial information for and per Q3 2014.

This announcement does not constitute an offer to buy, subscribe or sell any of the securities described herein, and no securities are being offered or sold pursuant to it.

 

ATDL – Investor Presentation, Rights Issue Q4 2014

ATDL – Information letter OTC (Start of application period)_FINAL

ATDL – Term Sheet Rights Issue

[05-September-2014] Atlantica Tender Drilling Ltd. (ATDL) Complete Fleet Debt Financing Secured

ATDL has accepted an offer for a USD 350 million senior secured term loan. The senior bank facility is offered and fully underwritten by ABN AMRO and DNB Bank ASA, as joint bookrunners and mandated lead arrangers, and ABN AMRO Bank as agent.

With the issuance of the USD 150 million second lien bond loan (cf. separate announcement earlier today), ATDL has successfully secured a total of USD 500 million debt finance to complete the company’s targeted debt funding (approx. 75% LTV) of its three wholly owned rigs, Beta, Gamma and Delta.

The new senior secured bank term loan will in part be a refinancing and replacement of BassDrill Beta Ltd.’s existing USD 125 million senior secured term loan (USD 116.7 million currently outstanding). The net proceeds from the USD 75 million bond tap issue (part of the above mentioned USD 150 million second lien bond) will also be used to part refinance the existing BassDrill Beta bank debt. Under the new USD 350 million senior bank facility, ATDL will be the borrower.

The interest rate on the new senior bank term loan is LIBOR plus a margin of approx. 3.25% p.a. The Senior Bank Facility will have a tenor of 5 years from first draw down (will however mature no later than 1 month prior to the final maturity date of the second lien bond loan).

[05-September-2014] Atlantica Tender Drilling Ltd. (ATDL) Successful Placement of Fleet Bond Issue

ATDL has successfully completed the placement of the previously announced (then as contemplated) tap issue of a USD 75 million second lien bond loan. The tap issue is part of an amendment and restatement of the terms of the existing BassDrill Beta Ltd. USD 75 million bond loan, through which ATDL assumes the rights and obligations of BassDrill Beta Ltd. as issuer. Hence, the sum nominal value of the then ATDL second lien bond loan will be USD 150 million.

A summons for a bondholder meeting to approve the amended terms of the existing BassDrill Beta Ltd. bond, as well as the tap issue, will be issued shortly. Holders of 68% of the existing BassDrill Beta bond have given their pre-acceptance of the amendment.

The amendment further involves expanding the security package from previously just the Beta, to all ATDL’s three wholly owned rigs, Beta, Gamma and Delta.

The settlement date for the tap issue is expected to be 23 September 2014. The new and amended bond carries an interest of 8.0% and will mature September 2019.

The net proceeds from the tap issue will be used to part refinance existing BassDrill Beta bank debt, an integral part of a comprehensive expansion and restructuring of the ATDL Groups interest bearing debt.

Swedbank Norge and DnB Markets acted as Joint Lead Managers of the bond issue.

[3-September-2014] Atlantica Tender Drilling Ltd. (ATDL) Contemplated Bond Issue

Atlantica Tender Drilling Ltd is contemplating to amend and restate the terms of the existing BassDrill Beta Ltd. bonds, including having Atlantica Tender Drilling Ltd. assume the rights and obligations of BassDrill Beta Ltd. as issuer, increase the security package from one rig (Beta) to three rigs (Beta, Gamma and Delta), restate the interest coupon and increase the borrowing limit with a tap issue of USD 75 million. Holders of 68% of the existing BassDrill Beta bond have given their pre-acceptance to the amendment, subject to among others successful placement of the aforementioned tap issue. As compensation to the existing bondholders, the company shall pay a consent fee of 6 % (flat) of the face value of the existing bonds for the amendment.

[15-August-2014] Gamma Charter Contract Terminated

Foxtrot International has, in accordance with their contractual rights, elected to terminate the contract for the Gamma HTB (Heavy Tender Barge) due to lack of compliance with their required and agreed project time line.

Atlantica is considering alternative employment for the Gamma, which now is scheduled for delivery early 2015.

[28-April-2014] Ceremony for the semi tender Delta

The keel laying ceremony for the semi tender Delta was held at Dalian Shipbuilding Industry Offshore Company (DSIC). The Delta is scheduled for delivery in mid 2015 and is contracted to Total Congo’s Moho Nord deep water project in West Africa.