Financials and Investment News in Bermuda

AOD Cash Utilisation
12/16/2020 - The Board of Seadrill Limited has been informed that the lenders in the AOD facility (under which Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited are borrowers...
Seadrill Announces Expiry of Forbearance Agreements
12/14/2020 - Reference is made to the announcements by Seadrill Limited on 20 November 2020 regarding forbearance agreements entered into by the Company with certain creditors in respect of the group's senior secu...
Golar LNG Successfully Prices Public Offering of its Common Shares
12/3/2020 - Golar LNG Limited announced the pricing of its previously announced underwritten public offering (the “Offering”) of 11,000,000 shares of its common stock, at a public offering price of $8.75 per shar...
Approval of Prospectus and Listing of Bonds
11/24/2020 - Reference is made to the announcement made on 5 October 2020 by Hoegh LNG Holdings Ltd. ("Hoegh LNG") concerning a NOK 320 million tap issue of additional bonds (the "Additional Bonds") made under the...
Teekay Corporation Reports Third Quarter 2020 Results
11/12/2020 - Highlights
• GAAP net loss attributable to shareholders of Teekay of $35.4 million, or $0.35 per share (inclusive of $66.3 million of impairment charges), and adjusted net income attributable ...
Seadrill Announces Expiry of Forbearance Agreements
11/1/2020 - Reference is made to the announcements by Seadrill Limited on 15 and 29 September 2020 regarding forbearance agreements entered into by the Company with certain creditors in respect of the group's sen...
Hoegh LNG Successfully Completes Tap Issue
10/5/2020 - Hoegh LNG Holdings Ltd. has successfully completed a tap issue of NOK 160.5 million under its existing senior unsecured bonds with maturity date 30 January 2025 and ISIN NO0010873755 ("HLNG04"). The t...
Adjustment Information Relating to Potential Subsequent Offering
9/30/2020 - Reference is made to Borr Drilling Limited’s stock exchange announcements of 30 September, 2020, relating to the successfully completed equity offering through the subscription and allocation of 51,88...
Further Extension of Application Period for the Equity Offering
9/29/2020 - Reference is made to Borr Drilling Limited’s announcement dated 22 September relating to the contemplated equity offering of USD 40-50 million in new depository receipts (the “Equity Offering”) and th...
Seadrill Announces Extension of Forbearance Agreements
9/29/2020 - Seadrill Limited has agreed to extend and/or renew the existing forbearance agreements with certain creditors, announced on 15 September 2020, in respect of the group's senior secured credit facility ...
TransAtlantic Announces Entry into Amended and Restated Loan
9/22/2020 - TransAtlantic Petroleum Ltd. announced that the Company has entered into an Amended and Restated Loan and Security Agreement.

Amended and Restated Loan and Security Agreement
On Sept...
Borr Drilling Limited Announces Preliminary Results for the Second Quarter of 2020
8/28/2020 - Borr Drilling Limited announces unaudited results for the three and six months ended June 30, 2020.

Highlights in the Second Quarter of 2020

· Total operating revenues of ...
Hermitage Offshore & 28 Subsidiaries File Voluntary Chapter 11
8/11/2020 - Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) announced that they have filed voluntary petitions for reorganiza...
TransAtlantic Enters into Agreement & Plan of Merger and Loan and Security Agreement
8/7/2020 - TransAtlantic Petroleum Ltd. has entered into an Agreement and Plan of Merger and a Loan and Security Agreement. ...
Borr Drilling Enters New Financing Arrangement for Newbuild Jack-up Drilling Rig
2/17/2020 - Borr Drilling Limited has entered into a new financing arrangement for the newbuild jack-up rig Tivar, scheduled to be delivered from the yard in July 2020. The existing US$50 million bank delivery fi...
Teekay LNG Partners Declares Distributions on Series A & B Preferred Units
3/16/2018 - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units ...
Teekay LNG Contemplates Norwegian Bond Issuance
1/23/2017 - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bo...

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