Vantage Drilling raises $50M via high-interest notes to boost finances before a 2025 vessel sale.

Vantage Drilling International issued an additional $50 million in high-interest notes to bolster its finances before a major vessel sale next year. These 9.5% interest notes, due in 2028, were sold at a slight discount and will be secured by the company's assets. The funds will help maintain liquidity and support the balance sheet ahead of a planned vessel sale to TotalEnergies in 2025.

November 30, 2024
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