{"id":2481,"date":"2024-07-01T11:19:16","date_gmt":"2024-07-01T14:19:16","guid":{"rendered":"https:\/\/ventura-offshore.com\/mfn_news\/ventura-offshore-holding-ltd-successful-bond-tap-issue\/"},"modified":"2025-02-14T12:35:20","modified_gmt":"2025-02-14T15:35:20","slug":"ventura-offshore-holding-ltd-successful-bond-tap-issue","status":"publish","type":"mfn_news","link":"https:\/\/ventura-offshore.com\/en\/mfn_news\/ventura-offshore-holding-ltd-successful-bond-tap-issue\/","title":{"rendered":"Ventura Offshore Holding Ltd &#8211; Successful bond tap issue"},"content":{"rendered":"<pre>Reference is made to the stock exchange notice published 27 June 2024 regarding<br>the intention to summon a written resolution and contemplated tap issue in<br>relation to Ventura Offshore MidCo Ltd's (the \"Issuer\") existing senior secured<br>bonds maturing 19 April 2027 with ISIN NO0013187179 (the \"Bonds\").<br><br>The Issuer has today successfully placed a bond tap issue of USD 55 million. The<br>total amount outstanding under the Bonds will be increased to USD 185 million<br>from USD 130 million. The bond tap issue was priced at 100.50% of par.<br><br>The net proceeds from the bond tap issue shall be applied towards the<br>acquisition of the semisubmersible rig SSV Catarina (together with, inter alia,<br>proceeds from the equity private placement, as announced in the stock exchange<br>notice published 27 June 2024) and general corporate purposes.<br><br>With reference to the stock exchange notice published 28 June 2024 regarding the<br>summons to written resolution, a majority of the bondholders have undertaken to<br>vote in favor of the proposal set out in the summons. The completion of the tap<br>issue is subject to the conditions precedent set out in the summons, including,<br>without limitation, that the proposal is approved by the required majority of<br>bondholders. <br><br>DNB Markets, a part of DNB Bank ASA, and Clarksons Securities AS act as joint<br>bookrunners for the transaction.<br><br>About Ventura Offshore Holding Ltd. <br>Ventura Offshore Holding Ltd. is a deep water drilling contractor providing deep<br>water offshore drilling services to the oil and gas industry. The Company's core<br>activities are focused in the Brazilian offshore oil and gas market. The Company<br>owns and operates one drillship, DS Carolina, and one semisubmersible drilling<br>rig, SSV Victoria, and manages one drillship, Zonda, and one semisubmersible<br>drilling rig, SSV Catarina. Subject to completion of the acquisition of the<br>Catarina, the Company will own three drilling rigs and continue the management<br>of the drillship, Zonda. The Company is incorporated under the laws of Bermuda.<br><\/pre>\n<div class=\"mfn-footer\"><\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Reference is made to the stock exchange notice published 27 June 2024 regardingthe intention to summon a written resolution and contemplated tap issue inrelation to Ventura Offshore MidCo Ltd&#8217;s (the &#8220;Issuer&#8221;) existing senior securedbonds maturing 19 April 2027 with ISIN NO0013187179 (the &#8220;Bonds&#8221;).The Issuer has today successfully placed a bond tap issue of USD 55 [&hellip;]<\/p>","protected":false},"template":"","class_list":["post-2481","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory"],"_links":{"self":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/mfn_news\/2481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/media?parent=2481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}