By Devika Patel
Knoxville, Tenn., Feb. 17 – Vantage Drilling International sold $200 million of 9˝% senior secured first-lien notes due 2028 in a private offering on Tuesday, according to an 8-K filed with the Securities and Exchange Commission.
The notes have been set up for trading in the Rule 144A and Regulation S secondary market.
The notes will be guaranteed by the company’s subsidiaries, excluding Vantage Financial Management Co.
Settlement is expected on March 1.
Vantage Drilling is a Houston-based offshore drilling contractor.
| Issuer: | Vantage Drilling International
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| Amount: | $200 million
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| Issue: | Senior secured first-lien notes
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| Maturity: | 2028
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| Coupon: | 9˝%
|
| Pricing date: | Feb. 14
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| Settlement date: | March 1
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| Distribution: | Section 4(a)(2), Rule 144A and Regulation S
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