tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Archer Limited Secures USD 425 Million Bond to Strengthen Financial Position

Story Highlights
Archer Limited Secures USD 425 Million Bond to Strengthen Financial Position

Elevate Your Investing Strategy:

An update from Archer ( (ARHVF) ) is now available.

Archer Limited announced the successful pricing of a USD 425 million senior secured bond set to mature in February 2030, with a fixed annual coupon of 9.5%. The proceeds will be used to refinance existing debt and support general corporate activities, which could improve the company’s financial stability and market position.

More about Archer

Archer Limited is a company involved in the energy sector, providing drilling services and related products to the oil and gas industry. Its market focus includes enhancing operational efficiencies and delivering high-quality services and solutions to its clients globally.

Average Trading Volume: 510

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $214.3M

For detailed information about ARHVF stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1