Vantage Drilling International Completes Full Redemption of $65.1 Million Senior Secured Notes Following Asset Sale
Reuters
Sep 10
Vantage Drilling International Completes Full Redemption of $65.1 Million Senior Secured Notes Following Asset Sale
Vantage Drilling International has announced the full redemption of its $65,145,000 Senior Secured First Lien Notes, which carry an interest rate of 9.500% and were set to mature in 2028. This redemption was completed at par value, including accrued and unpaid interest. The company funded the redemption with proceeds from the sale of the Tungsten Explorer. This strategic financial move reflects Vantage Drilling International's ongoing efforts to manage its debt profile effectively.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vantage Drilling International published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9526804-en) on September 10, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.