SDRL - Interim funding to North Atlantic Drilling Ltd. amended
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.