Greece's Ocean Rig to amend, extend and grow $1.8bn loan

Ocean Rig, the oil rig operator headquartered in Greece, is seeking to amend and increase a $1.8bn loan it raised in July last year.

  • By Olivier Holmey
  • 11 Feb 2014

The new loan will total $1.9bn, according to data provider Dealogic. The borrower will also seek to amend the debt’s margin.

Ocean Rig’s debt originally had two tranches, maturing in September 2016 and March 2021. The new debt will include just one tranche, with a March 2021 maturity.

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