Archer Limited: Completion of refinancing and new share capital
Hamilton, Bermuda (April 25, 2023) Reference is made to the stock exchange announcement made by Archer Limited (the "Company") on 6 March 2023 regarding the in-principle agreement with its secured lenders and other stakeholders for an overall refinancing solution for the group (the "Refinancing"). The Company is pleased to announce that the Refinancing, as described in the announcement on 6 March 2023 and in the prospectus dated 10 March 2023, has now been fully completed. The Company has resolved to issue 2,000,000 new common shares in the Company as compensation to advisors for