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Announcement of Dorado Marketing Agreement

On February 12, 2025Source: Vantage Drilling International

Dubai, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Dubai, 12 February 2025: Vantage Drilling International Ltd. (the "Company”) announces it has entered into a marketing agreement with Eldorado Drilling AS to market the 7th Generation Dorado Drillship for drilling opportunities in various locations in Africa, the Mediterranean, Asia and Australasia.Read more

Dubai, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Dubai, 12 February 2025: Vantage Drilling International Ltd. (the "Company”) announces it has entered into a marketing agreement with Eldorado Drilling AS to market the 7th Generation Dorado Drillship for drilling opportunities in various locations in Africa, the Mediterranean, Asia and Australasia.

Vantage Drilling International Ltd. – New incentive awards

On February 10, 2025Source: Vantage Drilling International

Dubai, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") has awarded certain management employees and PDMRs of the Company with restricted stock units, pursuant to the Company's Management Incentive Plan, and as elaborated on below and in the enclosed forms:Read more

Dubai, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") has awarded certain management employees and PDMRs of the Company with restricted stock units, pursuant to the Company's Management Incentive Plan, and as elaborated on below and in the enclosed forms:

Vantage Drilling International Ltd. – Settlement of management incentive awards

On February 3, 2025Source: Vantage Drilling International

Dubai, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") has today approved the settlement of certain restricted stock units ("RSUs") pursuant to the Company's Management Incentive Plan, including RSUs held by certain persons discharging managerial responsible/primary insiders ("PDMRs") as further set out in theRead more

Dubai, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") has today approved the settlement of certain restricted stock units ("RSUs") pursuant to the Company's Management Incentive Plan, including RSUs held by certain persons discharging managerial responsible/primary insiders ("PDMRs") as further set out in the attached forms of notification.  

Vantage Drilling International Ltd. Announces Creation of Totalenergies and Vantage Joint Venture Entity

On January 2, 2025Source: Vantage Drilling International

Dubai, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) announces the creation of the JV entity with TotalEnergies, TEVA Ship Charter LLC (“TEVA”) in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire theRead more

Dubai, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) announces the creation of the JV entity with TotalEnergies, TEVA Ship Charter LLC (“TEVA”) in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire the Tungsten Explorer from Vantage subject to customary sale and purchase conditions precedent. TotalEnergies, Vantage and TEVA have executed all definitive agreements in support of the rig acquisition and joint venture management including a sale and purchase agreement by which TEVA will acquire the rig and a management agreement pursuant to which Vantage will operate the Tungsten Explorer for a ten year term with the option to extend for an additional five years.

VANTAGE DRILLING ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER

On December 31, 2024Source: Vantage Drilling International

Dubai, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) announces that William L. Thomson will assume the additional role of Chief Operating Officer with effect from 1 January, 2025, reporting directly to Ihab Toma, Chief Executive Officer, and will continue to be based in Vantage’s Dubai office. Mr. Thomson, whRead more

Dubai, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) announces that William L. Thomson will assume the additional role of Chief Operating Officer with effect from 1 January, 2025, reporting directly to Ihab Toma, Chief Executive Officer, and will continue to be based in Vantage’s Dubai office. Mr. Thomson, who is currently our Chief Commercial and Chief Technology Officer has been with Vantage since 2008 serving in a number of capacities in Engineering/Projects, Technical Support, Marketing and Managed Services.

Vantage Drilling Announces Issuance of an Additional $50,000,000, Senior Secured First Lien Notes

On November 30, 2024Source: Vantage Drilling International

DUBAI, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) is pleased to announce the issue of an additional $50,000,000 in aggregate principal amount (the “additional notes” together with the notes outstanding under the Indenture the “notes”) of 9.500% Senior Secured First Lien Notes due 2028 at a 97% issue priceRead more

DUBAI, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the “Company”) is pleased to announce the issue of an additional $50,000,000 in aggregate principal amount (the “additional notes” together with the notes outstanding under the Indenture the “notes”) of 9.500% Senior Secured First Lien Notes due 2028 at a 97% issue price pursuant to a supplemental indenture to the indenture dated March 1, 2023 (the “Indenture”). The issuance follows the successful completion of the Vessel Sale announced by the Company in the stock exchange notice on October 31, 2024 (the “2024 Vessel Sale”), from which the Company used the net proceeds to redeem $184,855,000 aggregate principal amount of the Company's 9.500% Senior Secured First Lien Notes due 2028 at par, plus accrued and unpaid interest.

VANTAGE DRILLING ANNOUNCES APPOINTMENT OF GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER AND CORPORATE SECRETARY

On November 12, 2024Source: Vantage Drilling International

Appointment of General Counsel, Chief Compliance Officer and Corporate Secretary Appointment of General Counsel, Chief Compliance Officer and Corporate SecretaryRead more

Appointment of General Counsel, Chief Compliance Officer and Corporate Secretary
Appointment of General Counsel, Chief Compliance Officer and Corporate Secretary

Vantage Drilling International Ltd. Reports Third Quarter 2024 Results

On November 7, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Reports Third Quarter 2024 Results Vantage Drilling International Ltd. Reports Third Quarter 2024 ResultsRead more

Vantage Drilling International Ltd. Reports Third Quarter 2024 Results
Vantage Drilling International Ltd. Reports Third Quarter 2024 Results

Vantage Drilling International: Senior Secured Notes Issuance

On October 31, 2024Source: Vantage Drilling International

Dubai, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") is pleased to announce that it has entered into a purchase agreement for the issuance of $50,000,000 in aggregate principal amount of 9.500% Senior Secured First Lien Notes due 2028 at a 97% issue price. The issuance follows the successful completion of theRead more

Dubai, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (the "Company") is pleased to announce that it has entered into a purchase agreement for the issuance of $50,000,000 in aggregate principal amount of 9.500% Senior Secured First Lien Notes due 2028 at a 97% issue price. The issuance follows the successful completion of the Vessel Sale announced by the Company in the stock exchange notice on October 31, 2024, from which the Company will use the net proceeds to redeem $184,855,000 aggregate principal amount of the Company's 9.500% Senior Secured First Lien Notes due 2028 at par, plus accrued and unpaid interest.  The redemption is expected to be completed on November 29, 2024 (the “redemption date”) and the new issuance is expected to occur in early December 2024.

Vantage Drilling Expands Managed Services Business, Enhancing Shareholder Value Through Strategic Asset Sale to ADES

On October 31, 2024Source: Vantage Drilling International

DUBAI, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (“Vantage Drilling” or the “Company”) today announced the successful completion of the sale of two contracted premium jackup rigs to ADES Holding Company (“ADES”), further strengthening Vantage's position as a global leader in managed services while delivering enhanced valRead more

DUBAI, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (“Vantage Drilling” or the “Company”) today announced the successful completion of the sale of two contracted premium jackup rigs to ADES Holding Company (“ADES”), further strengthening Vantage's position as a global leader in managed services while delivering enhanced value to shareholders.