Archer Norge AS: Archer acquires WFR and raises USD 50 million in equity

31 Oct 2024 09:11 CET

Issuer

Archer Norge AS

Stavanger, Norway (31 October 2024)

Reference is made to the announcement made by Archer Norge AS’s parent company
Archer Limited (the "Parent") on 30 October 2024 and 31 October 2024 regarding
the private placement (the "Private Placement") of new shares in the Parent.
Through the Private Placement, the Parent raised around USD 50 million in new
equity, which will finance the acquisition of Wellbore Fishing & Rental Tools,
LLC (“WFR”), as announced on 30 October 2024 by the Parent.


Source

Archer Norge AS

Provider

Oslo Børs Newspoint

Company Name

Archer Norge AS 23/27 FRN USD FLOOR C

ISIN

NO0012878992

Market

Nordic Alternative Bond Market