Reference is made to the stock exchange notice published27 June 2024 regarding the intention to summon a written resolution and contemplated tap issue in relation toVentura Offshore MidCo Ltd's (the "Issuer") existing senior secured bonds maturing19 April 2027 with ISIN NO0013187179 (the "Bonds"). The Issuer has today successfully placed a bond tap issue ofUSD 55 million . The total amount outstanding under the Bonds will be increased toUSD 185 million fromUSD 130 million . The bond tap issue was priced at 100.50% of par. The net proceeds from the bond tap issue shall be applied towards the acquisition of the semisubmersible rig SSV Catarina (together with, inter alia, proceeds from the equity private placement, as announced in the stock exchange notice published27 June 2024 ) and general corporate purposes. With reference to the stock exchange notice published28 June 2024 regarding the summons to written resolution, a majority of the bondholders have undertaken to vote in favor of the proposal set out in the summons. The completion of the tap issue is subject to the conditions precedent set out in the summons, including, without limitation, that the proposal is approved by the required majority of bondholders.DNB Markets , a part ofDNB Bank ASA , and Clarksons Securities AS act as joint bookrunners for the transaction. AboutVentura Offshore Holding Ltd. Ventura Offshore Holding Ltd. is a deep water drilling contractor providing deep water offshore drilling services to the oil and gas industry. The Company's core activities are focused in the Brazilian offshore oil and gas market. The Company owns and operates one drillship, DS Carolina, and one semisubmersible drilling rig, SSV Victoria, and manages one drillship, Zonda, and one semisubmersible drilling rig, SSV Catarina. Subject to completion of the acquisition of the Catarina, the Company will own three drilling rigs and continue the management of the drillship, Zonda. The Company is incorporated under the laws ofBermuda .
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