Shelf Drilling working to secure funds for rig upgrade

first_imgOffshore drilling contractor Shelf Drilling has closed a private placement of $80 million of senior secured notes with an intention to use the proceeds to finance activation and upgrade costs for a drilling rig recently acquired from Maersk Drilling. Shelf Drilling Enterprise, formerly known as Maersk Completer; Image source: Maersk DrillingTo remind, Shelf Drilling and Maersk Drilling in early January 2020 closed a transaction related to the sale of the Maersk Completer jack-up rig. The rig was then renamed Shelf Drilling Enterprise.Later in January Shelf Drilling secured a contract for the Shelf Drilling Enterprise with Chevron for operations in the Gulf of Thailand.Shelf Drilling announced on Thursday that Shelf Drilling Holdings, one of the company’s indirect, wholly-owned subsidiaries, had closed a private offering of $80 million aggregate principal amount of 8.750% senior secured notes due 2024.The company said it intends to use the net proceeds from the notes offering to replenish its liquidity following the acquisition of the rig and to finance the remaining reactivation and upgrade costs associated with the deployment of the rig in advance of the contract scheduled to start in August 2020 in the Gulf of Thailand.The notes have been issued at an issue price of 100% and will mature on November 15, 2024. The notes have been guaranteed by the company and certain of its indirect subsidiaries that guarantee Shelf Drilling Holdings’ existing indebtedness and are secured by a second lien on substantially all of the assets that secure Shelf Drilling Holdings’ revolving credit facility.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Health benefits of avocado

first_imgAvocado, also known as Alligator pear, is a large, green, egg-shaped fruit with a rich buttery flavour. Avocados taste great and have health benefits. Try it because avocados contribute to the prevention and control of Alzheimer’s, cancer, heart disease, diabetes and other disorders.Fat: Not all fat is bad for you. Avocado has mono-unsaturated fat, which is considered good fat. Consuming this type of fat can lower bad cholesterol levels and raise good cholesterol levels. Mash and spread some avocado on a sandwich instead of using mayonnaise or butter.Fiber: Avocados contain both insoluble and soluble fiber. Insoluble fiber is an excellent way to keep your bowels moving (“cleaned out”). This prevents constipation and reduces the chance of colorectal cancer. Soluble fiber is great for appetite control. It has the effect of making a person feel full longer.Vitamins: Avocado contains vitamin B, E and K. Vitamin B helps the body obtain energy from food. It also helps in formation of red blood cells which carry oxygen. Vitamin K plays a fundamental role in the formation of healthy bones and maintaining bone density in later life. Vitamin E is an antioxidant. Antioxidants protect cells and DNA from damage. They prevent heart disease, stroke, cancer and cataracts. Avocado is a nutritious fruit. Snack on guacamole instead of sour-cream or cream-cheese based dips. Slice avocados on top of your burger for a heart-friendly alternative to a cheeseburger. The fruit provides a very flavorful way to give your body what it needs.Medical disclaimer: This information is intended solely for the general information for the reader. It is not to be used to diagnose health problems or for treatment purposes. It is not a substitute for medical care provided by a licensed and qualified health professional. Please consult your health care provider for any advice on medications.By Latoya Matthew-DuncanNutrition Officer, Health Promotion Unit, Ministry of Health St Kitts HealthLifestyle Health benefits of avocado by: – September 12, 2013 Sharing is caring! 25 Views   no discussions Tweetcenter_img Share Share Sharelast_img read more