By Susanna Moon
Chicago, March 31 - Awilco Drilling plc said it completed a $125 million 7% secured bond loan due April 2019 in the Norwegian bond market.
Proceeds will be used to refinance debt and for general corporate purposes.
RS Platou Markets AS is the manager and bookrunner.
The bond issue was substantially oversubscribed, according to a company press release.
The company said it plans to apply to list the bonds on Oslo Bors.
The company is an Aberdeen, United Kingdom-based drilling contractor.
| Issuer: | Awilco Drilling plc
|
| Issue: | Notes
|
| Amount: | $125 million
|
| Maturity: | April 2019
|
| Coupon: | 7%
|
| Bookrunner: | RS Platou Markets AS
|
| Pricing date: | March 31
|
| Settlement date: | April 9
|
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