2 June 2020production update● Neutral
On June 2, 2020 the company filed another updated fleet status report on its drilling contracts. The filing text shown contains no contract details (the exhibit is cut off), so no specifics can be given.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 May 2020quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $51.5 million and a net loss of $30.6 million for the period ended 2020-03-31.
12 May 2020quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $51.5 million and a net loss of $30.6 million for the period ended 2020-03-31.
12 May 2020production update● Neutral
On May 12, 2020 the company filed an updated fleet status report on its drilling contracts. The filing text shown contains no contract details (the exhibit is cut off), so no specifics can be given.
11 Feb 2020securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
24 Jan 2020securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
5 Dec 2019material agreement termination● NeutralMajor
On December 4, 2019 all of the 1%/12% third lien convertible notes issued in the 2016 restructuring were converted into ordinary shares at about one share per $95.60 of notes, ending the stapled securities. The company issued 8,114,977 additional shares and now has 13,115,026 shares outstanding, and the notes' indenture is discharged.
5 Dec 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
19 Nov 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
12 Nov 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
7 Nov 2019quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $40.6 million and a net loss of $25.7 million for the period ended 2019-09-30.
7 Nov 2019quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $40.6 million and a net loss of $25.7 million for the period ended 2019-09-30.
18 Sept 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
14 Aug 2019quarterly activities report● Neutral
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $636.4 million and net income of $590.7 million for the period ended 2019-06-30.
14 Aug 2019quarterly activities report● Neutral
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $636.4 million and net income of $590.7 million for the period ended 2019-06-30.
6 Aug 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
25 July 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
24 June 2019material agreement▲ GoodMajor
On June 20, 2019 the company's subsidiaries settled the Petrobras arbitration award with Petrobras parties, receiving $690.8 million (from PVIS) and $10.1 million (from PAI) on June 21, 2019 in full satisfaction of the award and the related U.S. court judgment. This resolves the long-running Titanium Explorer wrongful termination claim in cash, but Petrobras kept its right to appeal and could claim repayment if the judgment is overturned. The payments will also be reduced by legal fees (including a 10% contingency fee) and taxes.
24 June 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
7 June 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
24 May 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL registered a securities offering with the SEC.
9 May 2019quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $34.6 million and a net loss of $47.9 million for the period ended 2019-03-31.
9 May 2019quarterly activities report▼ Bad
VANTAGE DRILLING INTERNATIONAL reported quarterly revenue of $34.6 million and a net loss of $47.9 million for the period ended 2019-03-31.
12 Mar 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
12 Mar 2019securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
8 Mar 2019agm notice● Neutral
VANTAGE DRILLING INTERNATIONAL shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
4 Dec 2018securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
4 Dec 2018debt financing● NeutralMajor
On November 30, 2018 the company closed the $350 million 9.25% senior secured first lien notes due November 15, 2023, with interest paid in cash twice a year from May 15, 2019 and secured by a first lien on substantially all assets. This completes the offering priced on November 15; the stated plan is to use proceeds to repay the first lien credit agreement, redeem the 10% second lien notes, and fund a new jack-up rig purchase.
30 Nov 2018securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.
20 Nov 2018securities registration● Neutral
VANTAGE DRILLING INTERNATIONAL filed the final prospectus for a registered offering.