Vantage Drilling International $1 billion dual tranche bond issue

2/2/2019

Investment grade bond/note issue

Value:

$ 1 billion

Status:

Announced

Date:

2/2/2019

Overview:

Vantage Drilling International has issued two tranches of notes including a 9.25% senior secured first lien notes for $350 million and a third lien indenture relating to 1%, 12% step-up senior secured third lien convertible notes for the amount of $749 million.

Laura Mendes - Researcher

Jurisdiction:

Egypt

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

New York
Egypt

Industry sector:

Oil and gas

Firm:

Ibrachy Legal Consultancy

Party: Advantage Drilling Services (Grantor, Guarantor)

Party: Vantage Drilling International (Issuer)

Lawyer: Sara Hinton

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