AAA

ARCHER NORGE AS 23/27 FRN USD FLOOR C

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Overview
Analysis

ARNO01_PRO analysis



Key facts


Issuer
Archer Norge AS
Issue date
Apr 3, 2023
Maturity date
Jul 6, 2027
Outstanding amount
‪100.00 M‬USD
Face value
1.00USD
Minimum denomination
200,000.00USD
Coupon
9.75% (Variable)
Yield to maturity
6.84%
Part of Archer Ltd., Archer Norge AS is a market leading offshore drilling and p&a contractor specializing in fixed installations and supporting modular and mobile operations. The company is based in Sandnes, Norway. The Norwegian company's portfolio includes 44 platform rigs, 3 semi-submersibles, 2 modular rigs, and 1 modu tender barge. Archer's corporate governance ensures compliance with all relevant laws and regulations, and they aim to create competitive returns for shareholders through operating with the highest ethical requirements. The company was founded in 2007, and the CEO is Dag Skindlo.
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