Reference is made to the stock exchange notice published27 June 2024 regarding the intention to summon a written resolution and contemplated bond issue.Ventura Offshore Midco Ltd (the "Issuer"), a subsidiary ofVentura Offshore Holding Ltd , has today instructedNordic Trustee AS to summon a written resolution for the Issuer's senior secured bonds maturing19 April 2027 with ISIN NO0013187179 (the "Bonds"). The purpose of the written resolution is to propose certain amendments to the Bonds in connection with the signing of a binding Memorandum of Agreement regulating the purchase of the semisubmersible rig SSV Catarina from UMAS 1 AS and a contemplated bond tap issue, as disclosed on27 June 2024 (the "Proposal"). In connection with the written resolution and the tap issue, the Joint Bookrunners have conducted a targeted pre-sounding with a select group of bondholders. A majority of the targeted bondholders, holding more than 50% of the Bonds, have indicated substantial demand for the tap issue and their support for the written resolution. For further background and details on the proposed resolution, including the Proposal, please see attached summons for a written resolution.DNB Markets , a part ofDNB Bank ASA , and Clarksons Securities AS act as joint bookrunners for the transaction (the "Joint Bookrunners"). 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. The Company is incorporated under the laws ofBermuda .
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