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Share Name Share Symbol Market Type Share ISIN Share Description
Awilco Drilling Plc LSE:0Q2K London Ordinary Share GB00B5LJSC86 AWILCO DRILLING ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 47.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Awilco Drilling Plc: Short-term Financing

04/05/2022 9:20pm

UK Regulatory (RNS & others)

Awilco Drilling (LSE:0Q2K)
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From Mar 2022 to Sep 2022

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Awilco Drilling PLC announces that it has signed a short-term shareholder loan with Awilhelmsen Offshore AS and QVT Family Office Fund LP. The loan is for a total of up to USD 4 million, structured as a draw-down facility, with interest rate of 10 percent per annum on the aggregated outstanding principal amount. In addition, there is an arrangement fee of 2 percent on the total amount. Maturity date for the loan is 1 July 2022. The loan shall be used for general working capital purposes.

Aberdeen, 4 May 2022

For further information please contact:

Eric Jacobs, Interim CEO

Phone: +44 1224 737900

Cathrine Haavind, Investor Relations

Phone: +47 93 42 84 64


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


(END) Dow Jones Newswires

May 04, 2022 16:20 ET (20:20 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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