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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.

Vantage Drilling International Ltd. Schedules Third Quarter 2024 Earnings Release Date and Conference Call

On October 28, 2024Source: Vantage Drilling International

Vantage Drilling Q3 2024 Earnings Release Information Vantage Drilling Q3 2024 Earnings Release InformationRead more

Vantage Drilling Q3 2024 Earnings Release Information
Vantage Drilling Q3 2024 Earnings Release Information

Vantage Drilling International Ltd. Continues Global Strategic Alliance with ADES Through Sale of Two Jack-up Rigs with Agreement to enter into Three-Year Management Agreement to Manage the Rigs

On September 9, 2024Source: Vantage Drilling International

DUBAI, United Arab Emirates, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (“Vantage”), announces today that its directly-held subsidiary, Vantage Holdings International (“VHI”), entered into that certain Share Purchase Agreement (the “SPA”) with ADES International Holding Ltd., a leading offshore and onshore provider of oiRead more

DUBAI, United Arab Emirates, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. (“Vantage”), announces today that its directly-held subsidiary, Vantage Holdings International (“VHI”), entered into that certain Share Purchase Agreement (the “SPA”) with ADES International Holding Ltd., a leading offshore and onshore provider of oil and gas drilling and production services in the Middle East and North Africa (“ADES”), pursuant to which VHI has agreed to sell to ADES all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Rig Finance Ltd. (“RFL”), the owner of the Soehanah jack-up rig,. The Company also announced today that its indirectly-held subsidiary, P2021 Rig Co. entered into that certain Asset Purchase Agreement (the “APA” together with the “SPA”, the “Purchase Agreements”), with ADES, pursuant to which P2021 Rig Co., has agreed to sell to ADES the Topaz Driller. The aggregate purchase price for RFL and the Topaz Driller is $190 million in cash, subject to certain adjustments.  

Vantage Drilling International Ltd. Reports Second Quarter 2024 Results

On August 13, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Reports Second Quarter 2024 ResultsRead more

Vantage Drilling International Ltd. Reports Second Quarter 2024 Results

Vantage Drilling International Ltd. Schedules Second Quarter 2024 Earnings Release Date and Conference Call

On July 31, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Schedules Second Quarter 2024 Earnings Release Date and Conference CallRead more

Vantage Drilling International Ltd. Schedules Second Quarter 2024 Earnings Release Date and Conference Call

Vantage Drilling International Ltd. Reports First Quarter 2024 Results

On May 9, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Reports First Quarter 2024 ResultsRead more

Vantage Drilling International Ltd. Reports First Quarter 2024 Results

Vantage Drilling International Ltd. Schedules First Quarter 2024 Earnings Release Date and Conference Call

On April 26, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Schedules First Quarter 2024 Earnings Release Date and Conference CallRead more

Vantage Drilling International Ltd. Schedules First Quarter 2024 Earnings Release Date and Conference Call

Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 Results

On March 27, 2024Source: Vantage Drilling International

Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 ResultsRead more

Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 Results