Deep Value Driller AS announced the agreement for an upsize of the Loan Facility of USD 50 million (that is from USD 75 million to USD 125 million). In connection therewith, the maturity of the Loan Facility has been extended to July 2026, thus matching the end of the firm period for the Group?s current bareboat charter. The Loan Facility (including the upsize amount) will continue to carry an interest of 9.75% p.a. (which is the same as the USD 75 million original amount), and the upsize amount of USD 50 million will have an original issue discount of 2%.

The amortization profile for the Loan Facility (including the upsize amount) will also remain the same, however with amortization at maturity down to approximately USD 93 million.