Archer Limited – Agreement in principle on refinancing solution and launch of private placement of minimum $100 million in new equity.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.Hamilton, Bermuda, 6 March 2023 Archer Limited ("Archer", the "Company" and together with its subsidiaries the "Group") is pleased to announce that it has reached an agreement in principle with its secured lenders and other stakeholders for an