April 16, 2026 - Reference is made to the stock exchange notice published 15
April 2026 regarding the summons to written resolution and contemplated tap
issue in relation to Ventura Offshore MidCo Ltd's (the "Issuer") existing
senior secured bonds maturing 19 April 2027 with ISIN NO0013187179 (the
"Bonds").
The Issuer has today successfully placed a bond tap issue of USD 75 million.
Following settlement of the tap issue, expected to be 4 May 2026, the total
amount outstanding under the Bonds will be USD 190 million. The bond tap issue
was priced at 100% of par.
The net proceeds from the bond tap issue will be used to partly finance
capital expenditures and other costs related to contract extensions for SSV
Victoria and DS Carolina, and for general corporate purposes.
The additional bonds will be listed on Euronext ABM.
DNB Carnegie, a part of DNB Bank ASA, acts as Sole Global Coordinator and
Bookrunner, and Clarksons Securities AS and Fearnley Securities AS act as
Joint Lead Managers in the transaction.
For further queries, please contact:
Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com
About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deep water drilling contractor providing
deep water offshore drilling services to the oil and gas industry. The
Company's core activities are focused in the Brazilian offshore oil and gas
market. The Company owns and operates one drillship, DS Carolina, and two
semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and manages one
drillship, DS Zonda. The Company is incorporated under the laws of Bermuda.
Additional information about Ventura Offshore Holding can be found at
https://ventura-offshore.com/en/a-ventura/.