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An announcement from Odfjell Drilling Ltd. ( (DE:OD3) ) is now available.
Odfjell Drilling Ltd. has successfully priced USD 650 million in senior secured first lien bonds, set to mature in March 2031, with a fixed coupon of 7.25%. The proceeds will be used to refinance existing debt, fund the acquisition of Deepsea Bollsta, and for general corporate purposes, with plans to list the bonds on the Oslo Stock Exchange within nine months, potentially strengthening the company’s financial position and market operations.
More about Odfjell Drilling Ltd.
Odfjell Drilling Ltd. operates in the offshore drilling industry, providing drilling services and solutions for oil and gas exploration and production. The company focuses on delivering high-quality drilling operations and has a market presence primarily in the North Sea region.
Average Trading Volume: 275,250
Current Market Cap: NOK19.83B
For detailed information about OD3 stock, go to TipRanks’ Stock Analysis page.