Mobile Menu
Deals & Transactions

Conyers advises Odfjell Drilling Ltd on its US$175 million private placement

July 2018 Guy Cooper

Conyers advised Odfjell Drilling Ltd (the “Company”) on a private placement of 38,000,000 new common shares at a subscription price of NOK 36.00 per share, raising gross proceeds equivalent to approximately US$175 million. The Company subsequently carried out a repair offering, in light of the Norwegian principle of equal treatment of shareholders, directed towards shareholders not participating in the private placement. The new common shares have been listed on the Oslo Stock Exchange along with the Company’s other common shares.

Guy Cooper of Conyers’ Bermuda office advised on the matter.

 


Guy Cooper
Director

Bermuda   +1 441 299 4938


Accolades
_

"They understood the urgency and demanding nature of the deals that we were working on - they were very responsive and commercial, and worked with us to make it happen."
- Chambers Global