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SDRL - Interim funding to North Atlantic Drilling Ltd. amended

GlobeNewswire

Hamilton, Bermuda, April 26, 2017 - Seadrill Limited ("Seadrill or the Company") announces today that it has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature on June 30, 2017 and increased it to $50 million. The facility was originally entered into on January 31, 2017 for $25 million and extended previously to mature on April 30, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Seadrill Limited via GlobeNewswire
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