(Oslo, 22 December 2023) Briggs Drilling Holdings Limited AS (Briggs Drilling Holdings Limited, OSE: DDRIL) announces signed loan facility with MAP Ltd for USD 65 million senior secured loan facility.
Reference is made to the Briggs Drilling Holdings Limited Q3 financial report from November 28 2023, where we informed of a signed term sheet for a loan facility. We are pleased to inform that the agreement has been signed by all parties. The loan expires in September 2027, with no debt amortization for the first 12 months, and monthly payments thereafter until loan expiry date.
ENDS
For further information, please contact:
Ingolf Gillesdal, email: ingolf.gillesdal@briggsdrillingholdings.com, tel: +44 20 8133 96 0596
Briggs Drilling Holdings Limited | www.briggsdrillingholdings.com
Briggs Drilling Holdings Limited is a leading harsh environment drilling contractor for the offshore oil and gas industry. Briggs Drilling Holdings Limited owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore offices and operations in Norway, England, Brazil, and Nigeria.