Scorpion Offshore Ltd. Secures Additional Short-term Financing
(Thomson Reuters ONE) - HAMILTON, BERMUDA - 10 December 2009Scorpion Offshore Ltd. ("Scorpion" or the "Company") secured debtfinancing totaling $52.0 million (the "Note") to refinance a shortterm loan from Nordea Bank maturing 10 December 2009.This Note is an increase of the $27.7 million note recently securedfrom the Company's largest shareholder, Seadrill Limited, bringingthe total principal amount of the Note to $79.7 million. The Note isunsecured, has a duration of 6 months and bears interest at 16% perannum.Scorpion Offshore Ltd is a Bermuda based corporation founded in 2005,which owns 6 state-of-the-art offshore jackup rigs built between 2007to 2009, with one additional identical rig under construction.Contacts:Jon Cole, CEO (713) 728-6100Mark Mey, CFO (713) 728-6100This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 10.12.2009 - 14:40 Uhr
Sprache: Deutsch
News-ID 9471
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