Awilco Drilling PLC: Short-term Financing
May 04 2022 - 4:20PM
Awilco Drilling PLC: Short-term Financing
Awilco Drilling PLC announces that it has signed a short-term
shareholder loan with Awilhelmsen Offshore AS and QVT Family Office
Fund LP. The loan is for a total of up to USD 4 million, structured
as a draw-down facility, with interest rate of 10 percent per annum
on the aggregated outstanding principal amount. In addition, there
is an arrangement fee of 2 percent on the total amount. Maturity
date for the loan is 1 July 2022. The loan shall be used for
general working capital purposes.
Aberdeen, 4 May 2022
For further information please contact:
Eric Jacobs, Interim CEOPhone: +44 1224 737900
Cathrine Haavind, Investor RelationsPhone: +47 93 42 84 64Email:
ch@awilcodrilling.com
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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