Archer Limited: New share capital registered
Hamilton, Bermuda (April 24, 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"). Reference is further made to the stock exchange announcement made by the Company on 3 April 2023, regarding the issuance of a fully backstopped 2nd Lien USD 200 million bond issue (the "Second Lien Bonds") by the Company's subsidiary Archer Norge AS. The Company has today issued 208,000,000 new