Archer Limited - Successful placement of USD 425 million senior secured bond

06 Feb 2025 20:15 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES,
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Hamilton, Bermuda (February 6, 2025)

Archer Limited ("Archer", the "Company" and together with its subsidiaries the
"Group") has today successfully priced a USD 425 million senior secured bond due
25. February 2030 (the "Bonds"). The Bonds will carry a fixed coupon of 9.5%
p.a., payable semi-annually.

The net proceeds from the bond issue will be used to refinance existing debt of
the Group and for general corporate purposes. An application will be made for
the Bonds to be listed on the Nordic ABM.  Archer Norge AS, Archer Limited's
indirect subsidiary, will be the issuer of the bond.

Arctic Securities, DNB Markets, a part of DNB Bank ASA and Pareto Securities
acted as Joint Bookrunners, Sparebank 1 Markets as Joint Lead Manager and
Fearnley Securities as Co-Managers, for the new bond issue.

For additional information, please contact:

Dag Skindlo, Chief Executive Officer, Mobile: +47 982 26 624,Email:
dag.skindlo@archerwell.com

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email:
espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78
748, Email: joachim.houeland@archerwell.com

Additional information about the Company can be found at:

https://www.archerwell.com/

* * *

Important information:

These materials do not constitute or form a part of any offer of securities for
sale or a solicitation of an offer to purchase securities of Archer Limited in
the United States or any other jurisdiction. The securities of the Company may
not be offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"). The securities of the Company have not been, and will not be,
registered under the U.S. Securities Act. Any sale in the United States of the
securities mentioned in this communication will be made solely to "qualified
institutional buyers" as defined in Rule 144A under the U.S. Securities Act and
"major U.S. institutional investors" as defined in SEC Rule 15a-6 under the U.S.
Securities Exchange Act of 1934. No public offering of the securities will be
made 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
EU Prospectus Regulation or other investors pursuant to applicable exemptions
from preparing a prospectus pursuant to the EU Prospectus Regulation. The
expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the
European Parliament and of the Council of 14 June 2017 (together with any
applicable implementing measures in any Member State).

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are 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) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons".

More information:
Access the news on Oslo Bors NewsWeb site