$DDRIL.OL

3 stories mentioning DDRIL.OL

Every FINWIRES story that references DDRIL.OL, newest first.

Dolphin Drilling Upsizes Share Offering to $62.5 Million

Dolphin Drilling (DDRIL.OL) increased its share offering to $62.5 million from the target range of $50 million to $55 million, citing strong investor demand.Directors of the offshore drilling contractor allocated 236 million shares at 2.50 Norwegian kroner apiece upon completion of the offering, according to a Wednesday release.Net proceeds from the offering will be used to repay the $7.5 million bridge loan secured as part of amendments to existing credit facilities. Funds will also be directed to preparations of the Borgland Dolphin semi-submersible drilling rig for a contract with Spanish energy group Repsol (REP.MC), working capital, and general corporate expenditures.Arctic Securities, DNB Bank's DNB Carnegie, and Fearnley Securities are the joint bookrunners of the offering.

$DDRIL.OL$REP.MC

Equities60d ago

Dolphin Drilling to Raise Funds via Share Placement

Dolphin Drilling (DDRIL.OL) plans to raise the Norwegian kroner-equivalent of $50 million to $55 million via a private placement of new shares.The offshore drilling contractor said Wednesday the subscription price will be set at a fixed amount of 2.50 kroner per share.Net proceeds from the issuance will be used to repay the company's $7.5 million bridge loan and finance reactivation costs for the Borgland Dolphin semi-submersible drilling rig for the contract with Spanish energy group Repsol (REP.MC), among other things, as well as for general corporate needs.

$DDRIL.OL

Equities61d ago

Dolphin Drilling Signs Letter of Intent for Semi-submersible Rig

Offshore drilling contractor Dolphin Drilling (DDRIL.OL) signed a letter of intent with an undisclosed party for the potential use of its semi-submersible rig Borgland Dolphin.The agreement allows the parties to negotiate a potential $230 million contract, which will begin in the second half of 2027 and includes options to extend for five more years, according to a Tuesday release.The deal will proceed following the receipt of approvals from the parties' management.

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