The Nasdaq-quoted contractor on Monday said it received firm commitments from lenders for a syndicated secured term loan that will help cover construction costs tied to the Ocean Rig Mylos, Skyros and Athena, which are due for delivery this year.
In a statement, Ocean Rig told investors the facility has a five-year term, bears interest at the London Interbank Offered Rate (Libor) plus a margin and boasts a repayment profile of approximately 11 years.
DNB
