UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Emerging growth company
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| Item 1.01 | Entry into a Material Definitive Agreement |
On August 10, 2023, Diamond Offshore Drilling, Inc. (the “Company”) entered into an Agency Assignment Agreement and Master Assignment of Liens (the “Agency Assignment Agreement”) pursuant to which HSBC Bank USA, National Association (“HSBC”), was appointed (i) as administrative agent under the Company’s $400,000,000 revolving Credit Agreement, dated April 23, 2021 (the “Revolving Credit Agreement”) and the Company’s $100,000,000 Term Loan Agreement, dated as of April 23, 2021 (the “Term Loan Agreement”), and (ii) as collateral agent under the Company’s Collateral Agency and Intercreditor Agreement, dated as of April 23, 2021 (the “Intercreditor Agreement”). Other than as modified by the Agency Assignment Agreement, each of the Revolving Credit Agreement, the Term Loan Agreement and the Intercreditor Agreement remains in full force and effect. In connection with this change, Wells Fargo Bank, National Association (“Wells Fargo”), as resigning administrative agent under the Revolving Credit agreement and Term Loan Agreement and as resigning collateral agent under the Intercreditor Agreement, assigned to HSBC, and HSBC assumed, all of the rights and obligations of Wells Fargo in such capacities under the Revolving Credit Agreement, the Term Loan Agreement and the Intercreditor Agreement, respectively.
The foregoing description of the Agency Assignment Agreement is qualified in its entirety by reference to the Agency Assignment Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: August 11, 2023 | DIAMOND OFFSHORE DRILLING, INC. | |||||
| By: |
/s/ David L. Roland David L. Roland Senior Vice President, General Counsel and Secretary | |||||
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