Vantage Drilling to sell $135 million three-year senior secured bonds

By Paul A. Harris

St. Louis, Sept. 2 - Vantage Drilling Co. plans to sell $135 million of senior secured callable bonds due 2011 in a Rule 144A and Regulation S offering, according to a news release Tuesday.

No syndicate names or timing were disclosed in the press release, and the company did not immediately return a telephone call from Prospect News.

Proceeds from the notes will be used to pay the first installment of the purchase of the drillship Platinum Explorer under the agreement with Mandarin Drilling Co.

Vantage Drilling is based in Houston.

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