SDRL - Amendment to Secured Credit Facility
(Thomson Reuters ONE) -
Hamilton, Bermuda, August 15, 2017 - Seadrill Limited ("SDRL" or "the Company")
announces today that it has amended the term credit facility provided to
Seadrill Eminence Ltd., a wholly owned subsidiary of the Company, to mature on
September 14, 2017.
The amendment was implemented by way of a scheme of arrangement under section
99 of the Companies Act 1981 of Bermuda. The scheme received approval from 100
per cent. of the number and 100 per cent. by value of the scheme creditors
voting at the scheme meeting and was sanctioned by the Supreme Court of Bermuda
on August 14, 2017.
The amendment aligns the maturity of the facility with that of (i) the Company's
US$400 million credit facility and (ii) the revolving credit facility provided
to North Atlantic Drilling Ltd., a majority owned subsidiary of the Company,
thereby providing an additional period for negotiations to continue with the
Company's bank group and other stakeholders over a comprehensive restructuring
plan.
This information is subject of 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: Seadrill Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.08.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 556493
Anzahl Zeichen: 1654
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Amendment to Secured Credit Facility"
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