NADL - Interim funding from Seadrill Limited amended
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 26, 2017 - North Atlantic Drilling Ltd ('NADL' or 'the
Company') announces today that it has amended the revolving credit facility
provided by Seadrill Limited, its majority shareholder, 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 Corporate Solutions on behalf of Nasdaq 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: North Atlantic Drilling Ltd. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2017 - 07:50 Uhr
Sprache: Deutsch
News-ID 538324
Anzahl Zeichen: 1145
contact information:
Town:
Stavanger
Kategorie:
Business News
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