[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



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