Inactive Instrument

LAMPRELL

Equities

LAM

GB00B1CL5249

Lamprell plc Announces Debt Facility Update

August 04, 2022 at 11:34 am EDT

Lamprell confirms that the USD 45 million UAE Export Credit Agency backed revolving trade loan facility (the "Facility") has now been repaid. The facility was agreed in October 2021 to assist with the working capital requirements of the two IMI newbuild jackup rigs which are currently under construction at the Group's Hamriyah yard. The repayment follows the USD 145 million Bridge Loan Agreement between Lamprell and two lenders, Maverick Investment Holding Ltd. (a company under the control of a member of the AlSayed family) and AlGihaz Holding Closed Joint-Stock Company, which was entered into on 21 July 2022.

Latest news about LAMPRELL

Lamprell Joins Equipment Hound B2b E-Commerce Marketplace, Expanding Access to High-Quality Industrial Equipment	23-08-01	CI
TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans	22-10-25	AN
UK Engineering Group Lamprell's Listing Canceled From London Stock Exchange	22-10-25	MT
Al Gihaz Holding and Blofeld Investment Management agreed to acquire additional 28.819321% stake in Lamprell plc for £10.7 million on June 24, 2022.	22-10-24	CI
Lamprell Requests Listing Suspension After Failing To Publish Interim Results	22-10-03	MT
Lamprell plc(LSE:LAM) dropped from FTSE All-Share Index	22-09-19	CI
Lamprell Books Over $200 Million Contract To Build UK Offshore Wind Farm	22-09-08	MT
Lamprell Announces Contract Signed for Moray West Offshore Wind Farm	22-09-08	CI
Thunderball Investments' Buyout Bid for Lamprell Closes	22-09-05	MT
Takeover Offer for Engineering Services Group Lamprell Becomes Unconditional	22-08-26	MT
Earnings Flash (LAM.L) LAMPRELL Posts FY21 Revenue $388.8M	22-08-08	MT
Lamprell plc Reports Earnings Results for the Full Year Ended December 31, 2021	22-08-08	CI
Lamprell plc Auditor Raises 'Going Concern' Doubt	22-08-06	CI
Lamprell plc Announces Debt Facility Update	22-08-04	CI
Lamprell Climbs 9% On Takeover Proposal From Shareholders Blofeld, Al Gihaz	22-07-12	MT
Second Lamprell Shareholder Evaluating A Possible Bid	22-07-01	CI
Al Gihaz CEO Confirms Evaluation Of Possible Takeover Offer For Lamprell	22-07-01	MT
Lamprell Evaluating Takeover Proposal From Shareholder Blofeld Investment Management	22-06-24	MT
Al Gihaz Holding and Blofeld Investment Management agreed to acquire remaining 54.820737% stake in Lamprell plc.	22-06-23	CI
Lamprell Joins NOV to Help Construct Three Offshore Floating Wind Farms in UK	22-04-11	MT
Lamprell plc Enters into Memorandum of Understanding with NOV	22-04-11	CI
Lamprell Enters Talks for Sale of Stake in Oil-And-Gas Arm	22-03-29	CI
Lamprell Delays 2021 Results In Pursuit Of Strategic Options, Potential Financing	22-03-29	MT
Lamprell Up 9% on Capacity Reservation Agreement For Moray West Offshore Wind Farm	22-03-22	MT
Lamprell Surges 11% With Expected Signing Of Bas Global Contract	22-02-18	MT

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Company Profile

Lamprell Plc is an United Arab Emirates-based company, which provides fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Company operates through five segments: New Build Jackup Rigs segment is engaged in the building of drilling rigs and jackup liftboats; Offshore Platforms cover variety of offshore construction projects including complex living quarters, wellhead decks, topsides, parts for floating production storage and offloading and other offshore fixed facilities; Modules segment includes fabrication of packaged, pre-assembled, modularized units and accommodation modules, and process modules for onshore Liquefied Natural Gas and downstream modular construction projects; Oil & Gas Contracting Services include land rig services, rig refurbishment, engineering and construction services, as well as sunbelt safety services, and Services segment contains business from Operations & Maintenance and safety services.

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