Vantage Drilling Company Announces Proposed Public Offering of Ordinary Shares

Vantage Drilling Company (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced that it intends to offer, subject to market and other conditions, $50.0 million of ordinary shares.

The press release is quoted as saying:

Concurrently with the consummation of this offering, Offshore Group Investment Limited, one of Vantage’s wholly-owned subsidiaries (“OGIL”), is offering $960.0 million in aggregate principal amount of Senior Secured Notes due 2015 (the “OGIL Notes”).

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