Item 8.01 Other Events.
On November 22, 2022, Vantage Drilling International (the "Company") issued a
notice of partial redemption (the "Notice of Partial Redemption") pursuant to
the indenture, dated as of November 30, 2018 (the "Indenture") between the
Company, the guarantors listed therein and U.S. Bank Trust Company, National
Association (as successor to U.S. Bank National Association), as trustee,
collateral agent, registrar and paying agent, governing its 9.250% Senior
Secured First Lien Notes due 2023 (the "Notes").
Pursuant to the Notice of Partial Redemption, the Company gave holders of the
Notes notice that it intends to redeem $170,000,000 of its outstanding Notes on
December 22, 2022 (the "Redemption Date") at a redemption price equal to 100.0%
of the aggregate principal amount of the Notes to be redeemed, plus accrued and
unpaid interest and Additional Amounts (as defined in the Indenture), if any,
to, but not including, the Redemption Date.
This Current Report on Form 8-K should not be construed as a notice of
redemption for any of the outstanding Notes.
***
This foregoing is provided for informational purposes only and does not
constitute an offer to sell, a solicitation of an offer to purchase, or an offer
to purchase with respect to, any securities.
The information above includes forward-looking statements within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934. These
forward-looking statements are subject to certain risks, uncertainties and
assumptions identified above or as disclosed from time to time in the Company's
filings with the Securities and Exchange Commission. As a result of these
factors, actual results and outcomes may differ materially from those indicated
or implied by such forward-looking statements. The Company disclaims any
intention or obligation to update publicly or revise such statements, whether as
a result of new information, future events or otherwise.
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