Vantage Drilling Co. - 2010-07-20

Description

Plans to offer approximately 45.9 million shares to fund the acquisition of a 55% interest in Mandarin Drilling Corp. construction payments for the Platinum Explorer, refinance certain debt and for general corporate purposes. Shares are currently trading at US$1.09 each. Jefferies & Co. Inc. and Johnson Rice & Co. LLC are acting as joint book-running managers for the offering.

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Estimated Price
$50.0MM
Financing Type
Report Date