ABG Sundal Collier acted as Joint Lead Manager and Bookrunner for Odfjell Drilling in connection with its USD 390 million senior secured bond issue

Odfjell Drilling, a globally leading harsh environment offshore drilling company, has through a fully owned subsidiary successfully closed a new USD 390 million senior secured first lien bond issue with a tenor of 5 years (the “Bonds”). The Bonds have received preliminary credit ratings (company/bond) from S&P (B+/BB) and Moody’s (B2/B2). The net proceeds from the Bonds will be employed towards refinancing existing debt and other general corporate purposes. After a successful one-week roadshow, the bond issue garnered significant demand from a diverse group of high-quality institutional investors worldwide.