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- Additional Information On New Loan Facility
Additional information on new loan facility
24 Feb 2023 07:47 CET
Issuer
Deep Value Driller AS
Reference is made to Deep Value Driller AS' (the "Company") stock exchange
announcement on 23 February 2023 regarding the entering into of a bareboat
charter for the 7th generation mobile offshore drilling vessel "Deep Value
Driller" (the "Drillship") and the entering into a USD 75 million senior secured
term loan facility agreement (the "Loan Facility") to fund the reactivation
activities for the Drillship, refinancing of the Company's existing credit
facility and general corporate purposes.
The Company's current budget for the reactivation of the Drillship amounts to
approx. USD 40 million, while approx. USD 10 million will be used to refinance
the Company's existing credit facility. The remaining proceeds of the Loan
Facility will be used for general corporate purposes.
Contacts
Svend Anton Maier, CEO
+47 41 42 71 29
sam@deepvaluedriller.no
Einar J. Greve, Chairman of the Board
+47 90 02 77 66
ejg@cipriano.no
About Deep Value Driller
Deep Value Driller AS is a drillship-owning company which owns the high
specification UDW 7th generation drillship "Deep Value Driller", built in 2014.
As part of its strategy, the company has an ambition to create and maximise
value for its customers and investors, while at the same time ensuring safe and
sustainable operation of its drillship. For further information, visit
www.deepvaluedriller.no.
This information is subject to the disclosure requirements in section 5-12 of
the Norwegian Securities Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Deep Value Driller AS
Provider
Oslo Børs Newspoint
Company Name
DEEP VALUE DRILLER AS
ISIN
NO0010955917
Symbol
DVD
Market
Euronext Growth