Dolphin Drilling – new loan facility signed

(Oslo, 22 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) announces signed loan facility with MAP Ltd for USD 65 million senior secured loan facility. 

Reference is made to the Dolphin Drilling Q3 financial report from November 28 2023, where we informed of a signed term sheet for a loan facility. We are pleased to inform that the agreement has been signed by all parties. The loan expires in September 2027, with no debt amortization for the first 12 months, and monthly payments thereafter until loan expiry date.  

ENDS 

For further information, please contact: 

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920 45 320  

Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.