Capital/Financing Update • May 4, 2022
Capital/Financing Update
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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 CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: [email protected] (mailto:[email protected])
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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