Diamond Offshore Announces $550 Million Upsized Private Placement
Vinson & Elkins advised Diamond Offshore Drilling, Inc. and its wholly owned subsidiaries, Diamond Foreign Asset Company and Diamond Finance, LLC, in connection with a private placement of $550 million in aggregate principal amount of 8.500% Senior Secured Second Lien Notes due 2030.
The offering was upsized to $550 million from the original offering size of $500 million in aggregate principal amount of notes. The offering closed on September 21, 2023.
The Vinson & Elkins corporate team was led by partners Mark Kelly, David Stone and Mike Telle with assistance from senior associate Alex Lewis and associates Cole Leveque, Alex Riddle and Hope Kaady. The Vinson & Elkins finance team was led by partner Brett Santoli with assistance from counsel Noelle Alix, senior associates Jen Bassett and Maya Bobbitt and associates Hayley Johnson and Lary Yau. Other key team members included partner Wendy Salinas and associate Tyler Underwood; counsel Corinne Snow and associate Alyssa Sieja; counsels Elizabeth McIntyre and Brian Howard and associate Pete Thomas; partner John Michael and associate Ryan Bullard.
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