UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 2022 ( |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On November 22, 2022, Vantage Drilling International (the “Company”) issued a notice of partial redemption (the “Notice of Partial Redemption”) pursuant to the indenture, dated as of November 30, 2018 (the “Indenture”) between the Company, the guarantors listed therein and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee, collateral agent, registrar and paying agent, governing its 9.250% Senior Secured First Lien Notes due 2023 (the “Notes”).
Pursuant to the Notice of Partial Redemption, the Company gave holders of the Notes notice that it intends to redeem $170,000,000 of its outstanding Notes on December 22, 2022 (the “Redemption Date”) at a redemption price equal to 100.0% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest and Additional Amounts (as defined in the Indenture), if any, to, but not including, the Redemption Date.
This Current Report on Form 8-K should not be construed as a notice of redemption for any of the outstanding Notes.
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This foregoing is provided for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to purchase, or an offer to purchase with respect to, any securities.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. As a result of these factors, actual results and outcomes may differ materially from those indicated or implied by such forward-looking statements. The Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Vantage Drilling International |
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Date: |
November 25, 2022 |
By: |
/s/ Douglas E. Stewart |
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Douglas E. Stewart |