DO - Diamond Offshore Announces New Credit Facility
As the offshore drilling market recovery gains some momentum, it is very interesting to see how banks evaluate their clients in the space. Renewing credit facility has been a task for a number of drillers this year. For example, back in May, Rowan (RDC) entered into a new credit facility that matures in May 2023 with a capacity of $955 million. Transocean (RIG) announced a $1 billion five-year secured credit facility in June. This time, the news comes from Diamond Offshore (DO).
The company announced that it entered into