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Odfjell Drilling Ltd.: Extension of Odfjell Drilling Services bank facility


Odfjell Drilling has today accepted a firm offer to extend the bank facility of Odfjell Drilling Services Ltd. until 9 November 2019. The outstanding amount under the facility is currently USD 290 million and the facility will be repaid by semi-annual instalments of USD 20 million on 9 November 2018 and 9 May 2019, with a balloon amount of USD 250 million at the new maturity date.

The amendment to the facility agreement will be signed on or around 6 November 2018. No further stock exchange notice will be sent in this regard.

For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173

Hamilton, Bermuda
2 November 2018
Odfjell Drilling Ltd.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act