20.04.2018

ODFJELL DRILLING LTD - USD 175 MILLION PRIVATE PLACEMENT SUCCESSFULLY COMPLETED

Reference is made to the stock exchange release by Odfjell Drilling Ltd ('Odfjell Drilling' or the 'Company') on 19 April 2018 regarding a contemplated private placement to raise up to USD 200 million (the 'Private Placement') by issuing new common shares (the 'Offer Shares'). The Company is pleased to announce that the Private Placement has been successfully subscribed, raising gross proceeds of NOK 1.368 billion, equivalent to approximately USD 175 million through issuance of 38 000 000 new common shares at a subscription price of NOK 36.00 per Offer Share.

Attachments

  • Original document
  • Permalink

Disclaimer

Odfjell Drilling Ltd. published this content on 20 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2018 07:06:02 UTC