NADL - Interim funding from Seadrill Limited amended
April 26 2017 - 1:50AM
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
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