Odfjell Drilling Ltd. – Amendment to Term Loan, Reducing Quarterly Instalments

16 Dec 2024 08:15 CET

Odfjell Drilling Ltd (OSE: ODL) is pleased to inform that it has entered into an
amendment agreement with its lenders which will allow for reducing the scheduled
quarterly instalments by approximately USD 4.3 million on the Deepsea Nordkapp
term loan facility between Q1 2025 and Q4 2026.

As a result of this amendment, a total of USD 34.2 million will instead be due
at maturity of the facility in Q1 2029.

The amendment adds to the already strong distribution capacity and financial
flexibility of the Company.

For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7495 067 684 / +44 (0) 7393 766 446
jchu@odfjelldrilling.com
London, United Kingdom
16 December 2024
Odfjell Drilling Ltd

More information:
Access the news on Oslo Bors NewsWeb site

634744_Odfjell Drilling Ltd. – Amendment to Term Loan, Reducing Quarterly Instalments.pdf