Vantage Drilling Co. - 2010-07-20
Description
Subsidiary Offshore Group Investment Ltd. plans to offer senior secured notes due 2015 to fund the acquisition of a 55% interest in Mandarin Drilling Corp. construction payments for the Platinum Explorer, refinance certain debt and for general corporate purposes. Shares are currently trading at US$1.09 each. Jefferies & Co. Inc. and Johnson Rice & Co. LLC are acting as joint book-running managers for the offering.