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Vantage Drilling conditionally calls $180 million 9¼% notes due 2023
By Marisa Wong
Los Angeles, Feb. 9 – Vantage Drilling International issued on Feb. 3 a notice of full conditional redemption for its 9¼% senior secured first-lien notes due 2023, according to an 8-K filing with the Securities and Exchange Commission.
The company intends to redeem all $180 million of the outstanding notes on March 6 at par plus accrued interest and any additional amounts.
The redemption is conditioned on the company receiving proceeds from a completed debt financing in an amount sufficient to fund the redemption.
U.S. Bank Trust Co., NA is the trustee.
Vantage Drilling is a Houston-based offshore drilling contractor.
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